The Construction Industry Scheme (CIS) is another area we can help you and your business. It was first introduced in 1971 to combat tax evasion evident throughout the construction industry and, just as many other taxes and schemes, has slowly become more and more complicated over the years.
If you are a contractor or subcontractor, you may fall under the requirements for the scheme. We can provide you with the help and support to:
- Register for the scheme and potentially reduce your levels of deductions
- Claim back any deductions from contractors who have withheld monies from you
- Provide monthly support with calculating and submitting your CIS returns
- Liaise with HMRC on your behalf with any queries
If this sounds like something you may need help with, book a call today to discuss your requirements in more detail!