■ CIS Return: Construction Industry Scheme (CIS) is a tax deduction scheme that applies to construction work. It requires contractors to deduct payments from subcontractors and pass it to HMRC as advance payments towards the subcontractors tax and National Insurance contributions. We can submit CIS300 returns on behalf of your business to HMRC every month which will show the payments made to the subcontractor and the tax deducted. We can also verify the subcontractors’ status with HMRC to ensure that they are registered under CIS and that the correct amount of tax is deducted.

■ Subcontractors Verifications: Subcontractors need to be verified under the CIS before they can receive payments from contractors without tax deductions. They need to register with HMRC for CIS and will receive a Unique Taxpayer Reference (UTR) number once registered. Contractors need to verify subcontractors using HMRC’s CIS online service. If the subcontractor is verified, the contractor can pay them without tax deductions. If the subcontractor is not verified, the contractor must deduct tax from their payments at the standard rate.

■ Compliance with CIS: It is essential under the Construction Industry Scheme (CIS) that both contractors and subcontractors must be registered with HMRC. Subcontractors need to provide their UTR and National Insurance during registration. Both contractors and subcontractors must maintain accurate records of CIS transactions including payments made and received, verification details and any tax deductions made. HMRC conducts compliance checks and audits to ensure that businesses are meeting their CIS obligations. Non- compliance can result in fines, penalties or other enforcement actions.

■ CIS Administrations: CIS administration is the management and oversight of CIS within a business organization. It is vital to ensure your business is registered for CIS with HMRC if it operates as a contractor or subcontractor in the CIS.

■ HMRC CIS Gateway Administration: HMRC CIS Gateway administration service refers to managing the online portal of HMRC for recording and processing Construction Industry Scheme related transactions and submissions. We can help register you with CIS and set up a government gateway ID with the necessary credentials.