CIS Verification: As a contractor, it is your responsibility to verify the employment status of your subcontractors. This can be a time-consuming process, which is where our CIS services come in. We can help you streamline the verification process, ensuring that you are compliant with CIS regulations.
CIS Tax Deductions: Contractors must make tax deductions from the payments they make to their subcontractors. Our team can help you calculate the correct deductions and ensure that you are submitting accurate payments to HMRC.
CIS Returns: Filing your CIS returns can be complex, and penalties for errors or late filing can be significant. Our team can handle your CIS returns, ensuring that they are filed correctly and on time, saving you time and money while ensuring that you remain compliant with CIS regulations. Whether you are a subcontractor or contractor, our CIS services are designed to make your life easier and help you stay on top of your obligations. Contact us today to learn more about how we can help you streamline your CIS processes.
HOW STRATEGY WORKS
The Construction Industry Scheme (CIS) is a tax deduction scheme that applies to businesses and individuals involved in the construction industry. Under the scheme, contractors must make tax deductions from payments made to subcontractors and submit these deductions to HM Revenue & Customs (HMRC). Subcontractors are required to register with HMRC and provide their employment status to their contractors. The scheme is designed to help prevent tax evasion and ensure that everyone involved in the construction industry pays the correct amount of tax. At Credery, we can help you navigate the complexities of the CIS scheme and ensure that you remain compliant with all regulations.
CIS Services
PAYE Services
