Attilio Accounting

Accounting and Taxation | Tax Agent | Self Assessment | VAT & Payroll

Advice on Construction Industry Scheme (CIS)

if you are under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and make a transfer payment to HM Revenue and Customs (HMRC).

The deductions count as advance payments towards the subcontractor’s tax and National Insurance Class2/4.

Its the Contractor’s responsibility to register for the scheme. Subcontractors don’t have to register, but deductions are taken from their payments at a higher rate if they’re not registered.

If you’re already registered as a contractor, you can sign in to CIS online to file your monthly returns or to verify a subcontractor.