QUOTEZONE

CIS Returns

For Contractors working in the construction industry

Fully compliant CIS returns produced

Production of all necessary CIS documentation

Returns submitted to HMRC on time to avoid penalties

Who?

Who needs to produce CIS returns?

The purpose of the Construction Industry Scheme is to reduce the potential for tax avoidance in the construction industry. The scheme operates by ensuring that contractors deduct money from the payments they make to subcontractors who carry out work from them. They then pass these payments onto HMRC (similar to PAYE).
Any contractor in the construction industry must register for CIS if they use subcontractors to carry out work. A subcontractor could be a self-employed individual or a company.
The contractor must complete a CIS return each month, so HMRC knows who has been paid and what deductions were taken from them.
The subcontractor doesn’t have to register for CIS, but this will mean that the highest rate of deductions will be taken by the contractor.
The contractor has the following responsibilities:
  • Verifiying the CIS status of subcontractors.
  • Deducting and withholding an appropriate amount from payments made to subcontractors.
  • Completing a monthly CIS return by the 19th of every month.
  • Issuing a CIS statement to subcontractors if an amount is deducted.
  • Paying over the amount withheld to HMRC by 22nd of every month if paid electronically.

Why?

Why choose us to complete your CIS returns?

1) Assurance

Having excellent relationships with your subcontractors is critical to ensuring they provide you with high quality service, and making the correct payments to them is a good way to ensure this. We use fully qualified Chartered Accountants, which will give you the peace of mind that your tax affairs are being looked after by professionals.

2) Comprehensive service

Our CIS service provides a comprehensive approach for contractors. We will perform the following:

  • Adding and verifying new sub-contractors
  • Producing your deduction statements
  • Submitting your monthly CIS returns to HMRC

You will then just need to pay the correct amounts to subcontractors and HMRC.

3) Reduced risk of late filing penalties

A late CIS return by even 1 day leads to penalty of £100, and if it’s late by more than 2 months, a further £200 penalty is applied. By utilising automated email reminders, we will ensure that your CIS returns are filed on time, which will will keep you out of the cross hairs of HMRC.

How?

How do you produce my CIS returns?

1) Reminder

We will send you a reminder before the 19th of every month to ask you how much you’ve paid to your subcontractors.

2) Send you the CIS statement

We will produce the CIS deduction statement notifying how much you need to pay to HMRC and share this with you for your approval.

3) Submission

Once you’ve provided approval, we will submit the CIS return to HMRC.

Cost?

How much will my CIS returns cost?

Please note that CIS returns are an add-on service to our accountancy packages.

Our CIS returns services start from only £6 per statement (per subcontractor) per month.

There is a £30 minimum monthly charge for our CIS returns. Therefore, if you have 7 sub-contractors, our fee would just be £42 per month.

Other Services?

What other services do you provide?

VAT Returns

From only £40 per month

Payroll

From only £12 per month

Bookkeeping

From only £20 per month

Contact Us

We offer a no fee no obligation consultation at a location convenient for you… it has never been easier to start saving money.

support@certax.co.uk

+44 161 222 9800

196 Higher Hillgate, Stockport, SK1 3QY

M-F: 9am-5pm, S-S: Closed

Get In Touch

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