CIS Deductions & Returns
If you are a construction contractor, you will need to register before you take on your first subcontractor. As part of your duties, you will need to check that your subcontractors are registered for CIS. We can also check a subcontractor’s CIS status online via our payroll system.
Monthly returns need to be filed with HMRC even if no subcontractors have been paid that month. There are £100 fines for each missed CIS return not filed.
Keeping on top of CIS checks and monthly returns can be challenging, especially when there doesn’t seem to be enough hours in the day!
That’s where Rivington Accounts come in. Our payroll accountants can file those returns for you whilst keeping track of what tax you owe in the process. Any money paid to HMRC is shown on your payroll tax summary that we will provide.
Do you qualify?
If you would like to find out more about CIS deductions and returns, get in touch with our team.
Are you a Subcontractor?
You need to register as a sub-contractor if you are paid to do construction work by a contractor. The contractor you are working for will deduct the CIS from your sales invoices, and they will give you monthly deduction statements.
If you’re a subcontractor & contractor you need to register for both. Any CIS deducted from your sales also gets recorded on your payslip and reduces any CIS owed if you’re a limited company.
