Credit Control

Construction Industry Scheme (CIS)

If you are a contractor or subcontractor working in the construction industry it’s important to ensure the timely processing of the invoices, payments, and deductions.

Part of the service we offer includes:

Contractors

• Processing the monthly or quarterly subcontractor invoices
• Confirming the amounts due to each subcontractor
• Filing the return to HMRC
• Combining the liability with the payroll records for the period
• Informing you of the total liability to HMRC

Subcontractors

• Ensuring the deduction statements are correct and on time
• If you run a payroll scheme, claiming the deductions suffered in the monthly payroll process
• If you don’t run a payroll scheme, ensuring everything is correct in readiness for claiming the refund in your tax return

 

For more information on the Construction Industry Scheme (CIS) please contact us.