Out CIS Services

What is the CIS Scheme?

The Construction Industry Scheme (CIS) is where a construction contractor deducts, at source, a portion of the money due to their subcontractor. Whatever amount is deducted is then passed directly to HMRC which is then counted towards the tax and National Insurance of a subcontractor. This effectively pays the tax element in advance.

How much is deducted will depend on whether or not a subcontractor is registered under the CIS system. Unregistered subcontractors usually get a 30% deduction, while the registered ones get a deduction of 10% less or the standard rate of 20%. This is one of the reasons that, by the end of the financial year, the amount deducted at source often ends up being overpaid.

But a bigger reason is the fact that the deductions did not factor in the personal allowance that every taxpayer in the UK is entitled to. From £11,000, the personal allowance for the tax year 2017-2018 has been increased to £11,500.

Our Benefits Include

  • Quick and simple registration
  • Weekly payslips
  • Weekly SMS messages
  • Payments guaranteed before 11am Fridays
  • HMRC compliant service
  • 24/7 customer support

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