CIS Services London - Construction Industry Scheme
Expert Construction Industry Scheme (CIS) services. CIS registration, CIS returns, and CIS compliance for contractors and subcontractors in the construction industry. Contact our CIS team today.
Construction Industry Scheme (CIS) Services
Expert Construction Industry Scheme (CIS) services. CIS registration, CIS returns, and CIS compliance for contractors and subcontractors in the construction industry. The Construction Industry Scheme requires contractors to deduct tax from payments to subcontractors. Our experienced CIS team will help you comply with CIS requirements and optimise your CIS position.
What is the Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) is a tax deduction scheme for the construction industry:
- Contractors: Contractors must register for CIS and deduct tax from payments to subcontractors
- Subcontractors: Subcontractors may register for CIS to receive payments with reduced or no deductions
- CIS Deductions: Tax deductions at 20% (standard rate) or 30% (higher rate) or 0% (gross payment status)
- CIS Returns: Monthly CIS returns must be submitted to HMRC
CIS Services
- CIS Registration: Registration for CIS as contractor or subcontractor
- CIS Returns: Monthly CIS return preparation and submission
- CIS Compliance: CIS compliance reviews and advice
- Gross Payment Status: Application for gross payment status for subcontractors
- CIS Planning: CIS planning to optimise your CIS position
- CIS Investigation Support: Support during HMRC CIS investigations
CIS for Contractors
Our CIS services for contractors include:
- Contractor Registration: Registration as a CIS contractor
- Subcontractor Verification: Verification of subcontractors with HMRC
- CIS Deductions: Calculation and deduction of CIS tax from subcontractor payments
- Monthly CIS Returns: Monthly CIS return preparation and submission
- CIS Compliance: CIS compliance reviews and advice
CIS for Subcontractors
Our CIS services for subcontractors include:
- Subcontractor Registration: Registration as a CIS subcontractor
- Gross Payment Status: Application for gross payment status to receive payments without deductions
- CIS Credit Claims: Claims for CIS deductions against income tax and National Insurance
- CIS Planning: CIS planning to optimise your CIS position
Why Choose Acumon for CIS Services?
- Extensive experience in CIS registration, returns, and compliance
- Expert knowledge of CIS legislation and HMRC requirements
- Efficient CIS return preparation ensuring timely submission
- Proactive CIS planning to optimise your CIS position
- Seamless integration with our bookkeeping and tax services
- Ongoing support and advice on CIS matters
Integration with Other Services
Our CIS services integrate seamlessly with our other services:
- Accounts and Bookkeeping Services - Supporting bookkeeping for CIS compliance
- Tax Advisory Services - Tax planning aligned with CIS
- Payroll Services - Payroll services for construction industry employees
Next steps
Get in touch with our CIS team to discuss your Construction Industry Scheme requirements. Our experienced team will provide expert CIS services tailored to your business needs.