Construction - The Construction Industry Scheme (CIS)
The Construction Industry Scheme (CIS) is a complex structure and concerns a wide range of employees throughout the sector, both contractors and subcontractors registered with the CIS must be vigilant not to incur penalties.
Contractors under the CIS are responsible for submitting monthly returns to the HMRC and must remain aware of the potentially large penalties they will face if the returns are submitted late or incorrectly. If you are a contractor we can work alongside you to register and comply with the rules set out by the HMRC to avoid receiving any penalties.
If you have received a penalty from HMRC and believe that you have grounds to appeal against the decision, please contact us to see how we can help you. We have experience with helping clients to appeal against penalties imposed by HMRC and may be able to advise on the feasibility of the appeal.
The CIS is only relevant to those who are self-employed sub-contractors and therefore does not include employees of organisations in the construction industry. It can be possible that for one organisation you are classed as an employee, whilst at another you are classed as a subcontractor. We can assist you to review your contract for status of employment details and assess your eligibility to apply for the CIS.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01642 660300. Or if you would prefer, ask us a question online.