• CIS Returns

    CIS RETURNS SERVICE

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  • Construction Industry Scheme Returns Service
    FULLY MANAGED
    CIS RETURNS SERVICE
    Professional Payroll & Accounting Solutions
    GET STARTED NOW!

Compliance with the Conduction Industry Scheme (CIS)... made Simple(s) A complete CIS Returns service for contractors and sub-contractors.

Construction Industury Scheme (CIS) Support & Oversight

For support and oversight for Construction Industry Tax UK, whether you're a contractor or a sub-contractor, we can help. No matter the size of your business, our professional accountants can help and support your needs.

Our CIS Returns Service

We offer professional accountants who will completely manage your CIS Tax returns if you are a contractor or sub-contractor working in the construction industry.

Contractors Working in Construction - CIS Tax Services

All contractors working in the construction industry have to complete and return a CIS return before the 19th of each month. This must be done to inform HMRC of how much CIS tax has been deducted from the sub-contractors you employ. After this that amount must be paid to HMRC.

Be aware that there are penalties in place for missing the 19th submission date. Even if you only miss it by one day, the penalty is £100. If you are more than two months late this rises to £200 and after this you can incur further charges. As you can see, it is worth getting these form filed in time. That is why our professional accountants are happy to complete and file your CIS tax returns for you, click here for more information on what these services will include.

What do I have to do now for CIS tax support?

All we ask you to do is complete a short form, click here to see that form. In this form we only ask for the most essential information about your business, your sub-contractors and how many you employ in this way. From their our professional accountants will take over.

You will receive a monthly reminder from us to ask about how much you are paying your sub-contractors that month, we will then tell you how much to deduct and pay HMRC. We will also provide you with CIS statements for your records.

What will these CIS services include?

Our professional accountants will complete your monthly CIS returns and will do the following for you:

  • All new sub-contractors will be added and verified
  • We will process all of your payment and deduction statements
  • You will receive a monthly reminder about when your CIS returns are due, and what information is needed so we can complete these for you
  • If ever there is an inquiry by HMRC into your CIS returns we will represent you
  • We will deal with all correspondence to HMRC for you relating to your CIS returns
  • You will be able to call us any time for advice and support relating to your CIS Returns
What will it cost me?

This is the best bit, we offer a fixed, low rate on our services. This fee is worked out per sub-contractor. We charge £2.99 per CIS statement for each sub - contractor. We do have a minimum of three sub-contractors at £11.97 a month.

Sub-Contractors working in construction - CIS tax services

All sub-contractors in the construction industry must complete a personal tax return each year. This is so that HMRC knows how much you earned, how much money has been spent on your business, and how much, if any, CIS tax you have already paid.

It is important as a sub-contractor that you register for CIS, otherwise the penalties can be very costly and your tax rate will rise from 20% to 30%. When registering under the Construction Industry Sub-contractors scheme you will be asked to provide the name of your company and your unique taxpayer reference (UTR). You can decide whether you want your contractor to pay you under your registered business name or the trading name that was provided to HMRC.

Once this is done, your contractor will pay you 'under deduction', normally at a rate of 20%, this should cover your tax and national insurance for the year. Most over pay tax in this way because it doesn't take into account the money you spend on tools, vat, materials, plant hire, or consumable stores.

Most sub-contractors each year are entitled to a tax refund, on average sub-contractors get a tax return of £2500 per year as most will have paid more CIS tax than they owed HMRC.

Why use us for you CIS tax return?

Our professional accountants will provide:

  • Full accounting for your business, completing you sets of accounts
  • We will complete and return your tax returns
  • Provide oversight for your repayments, making sure you get the full amount due
  • An accountant that works with you
  • In the event of an inquiry into your CIS tax we will provide representation
  • You can call your accountant at any time for advice and support with your CIS taxes
What do I do now?

You will need to complete a short form which you can find here. Your dedicated accountant will then make sure that your tax return is accurate and will ensure that you receive the biggest tax return possible form HMRC, the average return is £2500.

What is the process?
  1. First you must authorize us to act on your behalf, you can find the short client form here.
  2. We will send you friendly reminders of when to send your records of expenditure to us. This can be done in two ways. If your records are electronic they can be emailed to us, if they are in paper form you can send them to us.
  3. Within 14 days of receiving your information your accountant will have completed your tax returns.
  4. This work is double checked by one of our senior accountants, just to make sure you have claimed all possible expenses for the maximum tax return you can receive.
  5. You will then receive a copy of your accounts to look at and approve.
  6. The day we receive your refund from HMRC it will be paid into your account.

We understand that sorting out the taxes can be annoying, so we are prepared to do all of this for you to remove the hassle from your taxes. Making it simple.

How much will CIS support cost me?

We charge sub-contractors £19.50 a month for all the support with your CIS taxes, accounts and tax returns as well as everything we stated above. If you also want us to do your book keeping for you we can do this for a small extra fee. To get a free, instant personal quote please follow the link. Your taxes made easy.

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Frequently Asked Questions

CIS tax is the tax paid under the Construction Industry Scheme, this tax is applicable to almost everyone working in the construction industry. Under this scheme contractors must deduct money from sub-contractors wages and pay it in advance to HM Revenues and Customs. Tax paid in advance for the sub-contractors wages is then used to pay the sub-contractors tax and national insurance.

If you are a sub-contractor you will need to fill in an annual tax return and claim back any overpaid taxes under the Construction Industry Scheme, the average return for CIS tax is £2500. Or to make this easier, we can do this for you.

Our services cover both contractor and sub-contractors at very competitive rates.

The Construction Industry Scheme (CIS) gets contractors to deduct money from the subcontractors payments to give to HMRC, this rate is usually around 20% and will be used as advanced payments for the sub-contractors tax and national insurance. All contractors must be registered for the CIS scheme.

To register with the Construction Industry Scheme you need to contact the CIS helpline on 0300 200 3210. You will need you Unique Tax Reference Number (UTR) and have already registered as self employed.

Everything gets put through electronically so you can get your refund as quickly as possible. Even though we do this,HMRC can refund the payments and different times. We have a system that will provide oversight for CIS refund and will chase up HMRC to make sure that they pay you back. In our experience you will receive you CIS refund no earlier than 7 days and no later than 6 weeks.

We do not take a percentage of your CIS refund. We prefer to operate on a flat fee of £19.50 a month as opposed to a percentage. This fee covers all of the work we do for you and also our representation of you in the event of an inquiry.

There are many things that you can claim your money back for, these are wide and varied. Most costs incurred whilst doing your work are re-claimable on your taxes. Many expenses that can be claimed are not often thought of but we are here to help. We work hard to make sure you get the full refund you deserve.

We often have sub-contractors come to us with this issue. As professional accountants we have other ways in which we can calculate your income and expenses. We will use these to make sure you get your full refund from the CIS taxes you have paid. Your individual accountant can then work with you to help the record keeping, making sure it doesn't present you problems in future.

Unfortunately you cannot deduct your mileage from the taxes as you are self employed and registered for CIS. When dealing with a contractor as a sub-contractor in your daily rate you should be charging for your travel costs and insurances.

You can contact us and we'll do it for you, just fill out the short form here. When you have paid CIS deductions these should be claimed through your company or business payroll scheme. Do not try to make a claim against your Corporation Tax return because it is likely you will receive a fine. Monthly Full Payment Submissions (FPS) get sent to HMRC as usual. An Employer Payment Summary (EPS) should also be sent to your employer.

Most 'labour only' sub-contractors will have tax deducted at a flat rate of 20%. This can only happen if HMRC know your UTR on the list of CIS subcontractors. However, this can rise to 30% as a penalty for not doing your CIS returns on time or correctly.

This all depends on whether or not you are already employed. First you must register as self employed, if this has already been done then your CIS registration can be done as quickly as in a few days. However, if you are not yet registered to be self employed registration with CIS can take up to 6 weeks.

Contractors must deduct money from their sub-contractors payments to pay HMRC under the Construction Industry Scheme (CIS). These CIS deduction are advance payments towards the sub-contractors National Insurance and tax. This is to ensure that sub-contractors are up to date with their taxes. However often the sub-contractors will have overpaid their taxes for the year and we can help to get a rebate for them.

If you are a contractor you have to be registered for CIS before you take on your first sub-contractor. Sometimes they should not be a sub-contractor but an employee instead and you must also check this, if they are a sub-contractor instead of an employee then you will most likely incur a fine. You must also check that your sub - contractors are registered for CIS with HMRC.

If you are a sub - contractor you must register for CIS before you begin work or you will incur a penalty, and your tax rate will rise. Usual from 20% to 30%.

For sub-contractors, under the construction industry scheme you will pay a fixed amount of 20% which will cover you National Insurance and income tax. May sub-contractors are then entitled to a refund under this scheme as it does not take into account your expenses. Under the Pay As You Earn (PAYE) Scheme, as an employee, then you pay the 'correct' amount of tax. Any refund will be given through your wages.

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