Construction Industry Scheme (CIS)

The Construction Industry Scheme, otherwise known as CIS - is a scheme whereby contractors deduct money from a subcontractor’s payment, before paying the sum to HMRC as a form of tax. These deductions count towards the subcontractor’s income tax and National Insurance Contributions (NICs).

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How does the Construction Industry Scheme work?

It is a legal requirement for contractors to register for the Scheme and run CIS monthly returns if they are paying subcontractors. These subcontractors also need to be ‘verified’ with HMRC to work out how much tax needs to be deducted from them.

Subcontractors need to register with HMRC so that their tax is deducted at a lower rate.

Meanwhile, contractors need to issue the monthly payment and deductions statements to each subcontractor they are paying, so that the subcontractor can prove to HMRC the tax that has been deducted from them.

Why choose us to manage your CIS payroll?

As with the Employer payroll, Construction Industry payroll is a lot of hassle since Real Time Information (RTI) was introduced. Penalties for late filing are expensive for a business.

We can take away all the bother of running the payrolls on time and ensure the correct tax is deducted from subcontractors.

We can also ensure any CIS tax deducted from you, if you are also a subcontractor, is correctly entered into the payroll each month.

construction industry clients

"we can take away the stress and let you get on with what you do best".

Why choose Fernhill Accountants to manage your CIS?

We have extensive experience working with construction industry businesses in Farnborough and across Hampshire, Surrey, and Berkshire.

We understand that you are busy running your business, and lack the time to administer the payments yourself. So let us take care of it all for you!
Removes the hassle of running payroll correctly
Frees up your time
Peace of mind
Tax and national insurance owed to HMRC calculated for you
Prevent you from receiving hefty fines and penalties
Confidential and secure
"Seeing our construction industry clients flourishing as a result of working with us, gives us a great deal of satisfaction". - Fernhill Accountants.
It’s fair to say that my accounts were all over the place and Judy stepped in and really put my mind at rest
"I can’t thank Fernhill Accountants enough and look forward to continuing the relationship with them".
I contacted Fernhill Accountants as I was looking for someone local to manage my affairs as a limited company. Judy promptly arranged a zoom call (due to COVID) and from then she has been nothing short of brilliant. It’s fair to say that my accounts were all over the place and Judy stepped in and really put my mind at rest, often still dealing with issues into the evening. I can’t thank Fernhill Accountants enough and look forward to continuing the relationship with them into the future.
Jason Sheldrake,
Limited company owner
and a construction industry client.
Construction industry client

We look forward to hearing from you!

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Call us on: 01252 409477 or

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