Construction Industry Scheme Services
At Crystal Tax & Accounting, we offer specialised services to help businesses navigate the Construction Industry Scheme (CIS) with ease. The CIS is a set of regulations in the UK that governs tax payments from contractors to subcontractors within the construction sector. Located in Westminster, our experienced team is well-versed in the intricacies of the scheme, providing comprehensive support for businesses interested in the scheme. By choosing Crystal Tax for your CIS needs, you benefit from expert guidance, reduced risk of penalties, and peace of mind that your tax obligations are being handled efficiently and accurately.
Years of Industry Experience
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About the Construction Industry Scheme (CIS)
CIS refers to a scheme in which contractors subtract money from subcontractors for building work. This money is then paid to HMRC on behalf of the subcontractor, acting as a payment towards their tax and National Insurance. If you have a UK-based business within the construction industry, it is essential that you have an understanding of how this scheme works. That's why we're here to help. Our specialists at Crystal Tax aim to make the process as simple as possible. For more information, get in touch or book a free consultation with one of our specialists.
Managing Your CIS
For CIS deductions to be processed by contractors, the subcontractor will need to provide their essential details. This includes their name, national insurance number, and taxpayer reference. Once these details are provided, the correct amount of tax can be deducted.
Registering for CIS
To register for CIS, simply visit the gov.uk. There are different versions depending on whether you are a contractor or subcontractor. Contact us if you require any assistance. For professionals who fulfil both roles as both contractors and subcontractors, you must apply to both separately.
Why Choose Crystal Tax for Your CIS Needs?
Managing a business is tough. Luckily, we are here to relieve your workload by helping you to manage your bookkeeping. We will also help both parties, namely the contractor and the subcontractor, to better understand their obligations within the scheme. Our specialists aim to explain every step of the process to ensure you have all the knowledge you need.
