Construction Industry Scheme (CIS)
How We Can Help...
GCAMS provides the following work as required by the Revenue:
You must register as a contractor with the Construction Industry Scheme (CIS) if:
1) you pay subcontractors to do construction work,
2) your business doesn’t do construction work but you usually spend more than £1 million a year on construction.
You may be a sole trader, in a partnership or own a limited company.
If you’re not sure if you need to register, check who is covered by CIS.
- You must register for CIS before you take on your first subcontractor.
- You must check if you should employ the person instead of subcontracting the work. You may get a penalty if they should be an employee instead.
- Check with HM Revenue and Customs (HMRC) that your subcontractors are registered with CIS.
- When you pay subcontractors, you’ll usually need to make deductions from their payments and pay the money to HMRC. Deductions count as advance payments towards the subcontractor’s tax and National Insurance bill.
- You’ll need to file monthly returns and keep full CIS records – you may get a penalty if you don’t.
- We can help check and ensure reverse charges are applied.
- You must let HMRC know about any changes to your business.
BOOK YOUR FREE CONSULTATION
To make sure the services we provide are what you require, we offer a free initial consultation to all new clients to discuss their accounting needs. We can also help identify all the tax planning opportunities you may not be currently taking advantage of.
Why Choose Us…
Professional
With over 40 years in the industry, you can trust us to provide the correct technical knowledge and advice. There is no technical speak with us – we speak to you in an open and honest manner and promise to ensure all information is easy to digest.
Qualified Staff
Our staff have a variety of recognised accounting qualifications so you can be confident that you will always receive the best and most current advice. We are experts in tax legislation, employing a workforce, employment status and much more.
Unlimited Support
We give our clients unlimited support, over the phone or in person by arrangement.
If it’s not convenient for you to come to us, we can even come to you if you prefer!
Costs
After your initial consultation, you will receive a breakdown of the costs of all the services we offer at GCAMS so there will be no unexpected surprises later. The services we provide any individual or business will always be cost efficient and competitive.
However, don’t just take our word for it…
See what some of our clients have said about us:
We Can Help You