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Construction Industry Scheme (CIS)
CIS Tax (Construction Industry Scheme)
Navigating the Construction Industry Scheme (CIS) can feel daunting, but at Tax Fairies, we’re here to simplify the process and ensure your taxes are handled with precision and care. Whether you’re a contractor or a subcontractor, we’ll help you stay compliant and make the most of your earnings.
What Is CIS Tax?
The Construction Industry Scheme (CIS) is a set of rules introduced by HMRC to manage tax payments for construction workers.
It applies to both contractors and subcontractors and requires that tax is deducted at source from payments made to subcontractors.
Who Does CIS Apply To?
CIS applies to individuals and businesses in the construction industry, including:
- Sole traders
- Partnerships
- Limited companies
If you work on construction projects or manage others who do, CIS likely impacts you.
How We Can Help
At Tax Fairies, we offer comprehensive CIS support to:
For Contractors:
- Verify Subcontractors: Ensure correct verification with HMRC and avoid penalties.
- CIS Deductions: Manage deductions accurately and submit monthly CIS returns to HMRC.
- Avoid Penalties: Stay compliant with filing deadlines and record-keeping requirements.
For Subcontractors:
- Claim Refunds: Recover overpaid CIS deductions by preparing and filing your tax return.
- Maximise Allowable Expenses: Ensure all eligible expenses are claimed, from tools to travel.
- Lower Tax Burden: Check if you qualify for gross payment status to avoid CIS deductions.
Get Started Today
Let Tax Fairies take the stress out of CIS tax. Whether you need help registering, submitting returns, or claiming back overpaid deductions, we’re just a message away.
📩 Contact us today to discuss how we can help you! Your construction tax is in safe hands with us.
How to register with HMRC.
How to Register as Self-Employed
To register as self-employed, you’ll need a personal tax Government Gateway ID and password to sign in and ‘enrol for services.’ If it’s your first time using HMRC’s online services, don’t worry—you can create a user ID during the process. We can handle all of this for you.
Once registered, HMRC will send your Unique Taxpayer Reference (UTR) by post within 10 working days. If you’re signed up for HMRC’s online account or app, you may be able to access it even sooner.
After registration, HMRC will notify you when it’s time to complete your Self-Assessment tax return, which must be submitted by the annual deadline.
Need help with registering your business?
Get in touch with us today or click the button below to let us take care of it for you.
How it works
If you are looking for advice and support to register your business, it is simple. Just call or email us, we find out more about you and then we will produce a quote - it's that easy!
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