CIS for contractors and subcontractors.
You got into construction to build things, not to work out deductions. The Construction Industry Scheme (CIS), where contractors take tax off subcontractors' pay before they're paid, means registration, monthly returns and a deadline that doesn't move. At Newton & Co, we handle all of it, whichever side of it you're on.
Registered, calculated, filed. One deadline you'll never miss.
If you're a contractor, you need to verify subcontractors, deduct the right amount from their pay and send HMRC a return every month. If you're a subcontractor, you need to be registered so the right rate applies to you in the first place. Either way, it's paperwork that has to be right, on a schedule that doesn't wait.
We register you, run the numbers correctly and file your returns on time, so you can get on with the job.
What we handle for you.
Everything below is included, whether you're contracting the work out or doing it.
Contractor or subcontractor, we get you set up with HMRC properly.
Checking each subcontractor's status before you pay them, so the right rate applies.
20% for registered subcontractors, 30% if they're not registered, or nothing at all if they've got gross payment status.
Submitted to HMRC by the 19th, every month, without you having to remember.
The paperwork your subcontractors need, sorted for you.
CIS with Newton & Co. Every return checked before it's sent.
CIS penalties add up fast if a return's late or the wrong rate gets applied. You'll deal with a director, we double-check every return before it's sent, and we'll pick up the phone when you call.
You deal with a director
Direct contact, every time.
We catch the mistakes that cost you
Careful checking before anything's filed.
Simple to set up, simple to keep running.
Tell us whether you're contracting work out or taking it on.
With HMRC, so the right rate applies from the start.
Verification, deductions and the return, handled for you.
We'll flag anything coming up, so there are no surprises.
Things people ask.
Can't see yours? and we'll happily talk it through.
What is CIS, in plain English?
It's HMRC's system for the construction industry. Contractors deduct tax from subcontractors' pay before they're paid, and hand it over to HMRC as an advance on the subcontractor's own tax bill.
What rate gets deducted from my pay?
20% if you're registered for CIS, 30% if you're not, or nothing if you've got gross payment status, which we can help you apply for if it suits your business.
When's the CIS return due each month?
The 19th of every month, covering the tax month that's just ended. We handle this so it's never something you have to think about.
I've never registered for CIS before, can you sort that?
Yes, whether you're a contractor or a subcontractor, we'll get you registered with HMRC and explain what happens next.
How much does it cost?
It depends on how many subcontractors you're dealing with and how the work's set up. We'll be straight with you about what's involved, and what it'll cost, before anything starts.
We handle CIS for contractors and subcontractors in Jarrow, South Tyneside, Newcastle and the wider North East, remotely across the UK, and for people working overseas.
Let's take CIS off your plate.
Have a quick chat and we'll tell you exactly what needs sorting.
Prefer a call back?
Leave your details and we'll ring you at a time that suits.