CIS
The Construction Industry Scheme (CIS) is a set of rules for contractors and subcontractors in the construction industry. If you're a CIS contractor (including a deemed contractor), you'll need to register with HM Revenue & Customs (HMRC). You'll also have to follow certain rules to make sure you pay your subcontractors within the scheme correctly.
Barrie Bookkeeping and Payroll Solutions offer a fully managed payroll service for the contractor, which includes a full registration service with the Inland Revenue on your behalf, monthly CIS certificates produced for subcontractors, and payments made on your behalf to the Inland Revenue.
The things you'll need to do include, which barrie bookkeping will take care of on your behalf are:
Verifying your subcontractors with HMRC
Paying your subcontractors in the right way - making deductions if necessary
Paying over deductions to HMRC
Giving subcontractors deduction statements
Sending monthly returns to HMRC
Keeping proper records
If you would like any more information on a managed CIS payroll solution, please do not hesitate to contact us at lisa@barriebookkeeping.co.uk , or call on the numbers listed above.
