The Construction Inductry Scheme is a system that HMRC have set up for the construction industry.
Construction Scheme Industry
CIS legislation can be a bit of a headache for contractors and subcontractors and HMRC have put really stringent compliance standards in place. That where we come in, CIS applies to contractors, subcontractors and any organisations that invest heavily on an annual basis into construction so to ensure that you are doing things correctly we make sure everything is compliant and HMRC ready.
Talk to one of our CIS Payroll experts
We are here to help protect you and ensure that you have the correct protection and procedures in place when it comes to using sub-contractors allowing you to avoid HMRC investigations or emplyment tribunials
What are some of the challenges with CIS?
You will have to verify each sub-contractor with HMRC, inform them about the amount they will be paid, calculate CIS tax, statements and much more
Failure To submit monthly return, (including a nil return) by the correct date, £100, monthly return outstanding after 2 months – £200. Penalties for failures can be harsh for both contractors and sub-contractors
Not knowing what insurance to have and paying for it can be an additional burden to you plus the additional stress of checking the validity and expoiry of the insruance doumentaion
We check all the details for you to ensure that your sub-contractors are compliant
We prevent HMRC trying to tax sub-contractors as employees
We represent you with direct legal advice as it is our responsibility to comply with the latest legislation
We provide persoanl site accidnet cover and public and product liability insurance
By having only one UTR number on each pay run means you only have to make one payment
Well Pay umbrella pays the CIS tax for all sub-contractors avoiding late runs and penalties
Saving you time
We do all the administration work for you to let your office and payroll people focus on accounting and office tasks
Year end statements
We provide payment certificates and year end statemnets on a weekly basis to all your sub-contractors to help make complkting self assments hassle free
Get a FREE CIS compliance check
Our CIS payroll experts are waiting to listen to your challanges so they can give you best advice based on what you tell us.
0161 637 0128
Well Pay Group
Emerson Business Centre
300 Princess Road