CIS

CIS

The Construction Industry Scheme (CIS) is a taxation scheme applied to contractors and subcontractors working within the construction industry. The scheme applies mainly to contractors and subcontractors in mainstream construction work. Contractors are obliged to withhold CIS tax from subcontractors (usually 20% of labour costs net of VAT) and submit a monthly return (CIS3000) to HMRC.

If you are a subcontractor and you have had CIS tax deducted from your invoices, we can calculate your tax liability on your behalf, and if you have overpaid tax through CIS we can reclaim the balance from HMRC through your tax return.

We can offer the following services relating to CIS;

  • Process invoices on behalf of contractors, including statements of deductions to be forwarded to subcontractors, submission of monthly CIS 3000 return.
  • Register you or your business as a contractor or sub-contractor
  • Act as an agent with HMRC on your behalf, and recover any taxes that have been overpaid