construction Industry Scheme

What is the Construction Industry Scheme (CIS)?

The Construction Industry Scheme (CIS) is a HMRC-regulated tax framework designed to govern payments between contractors and subcontractors in the construction sector. Under CIS, contractors are required to deduct tax from subcontractors’ payments and remit these deductions to HMRC. Subcontractors must register with HMRC to receive payments either gross (without deductions) or net (after deductions).

At Tax Advisors, our team of specialist tax advisors and CIS experts provides bespoke advisory services to contractors and subcontractors, ensuring seamless compliance with CIS regulations while optimizing your
tax position and financial efficiency.

Why is Expert CIS Advisory Essential?

The Construction Industry Scheme is a complex and highly regulated system that demands precision and expertise. Missteps can lead to penalties, cash flow disruptions, and reputational damage. Partnering with a specialist firm like Tax Advisors ensures compliance, maximises cash flow, and streamlines operations, allowing you to focus on growing your business.

Avoiding Risks in CIS Compliance:

  • Prevent costly penalties, fines, and disqualification from gross payment status.
  • Ensure accurate CIS deductions and timely submissions.
  • Protect your business from reputational damage.

Optimising CIS for Your Business:

  • Secure gross payment status to improve cash flow and liquidity.
  • Streamline operations and reduce administrative burdens.
  • Leverage expert guidance for tailored compliance solutions.

Who We Are

Tax Advisors is a leading UK-based tax consultancy

Tax Advisors is a leading UK-based tax consultancy powered by a team of Chartered Tax Advisors (CTA), Chartered Accountants, and Former HMRC Inspectors. With decades of combined experience, we specialize in providing expert tax solutions tailored to individuals, businesses, and organizations’ unique needs.

Our team's deep understanding of the UK tax system

Our team’s deep understanding of the UK tax system and proactive approach allow us to deliver tailored solutions that ensure compliance and optimize your tax position. Whether navigating complex cross-border tax issues, seeking to minimize your tax liabilities, or facing an HMRC investigation, we provide the clarity, confidence, and results you need

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Key Features of Construction Industry Scheme

The Construction Industry Scheme (CIS) is a HMRC-regulated framework that governs payments between contractors and subcontractors in the construction sector. At Tax Advisors, our team of specialist tax advisors and CIS experts provides tailored advisory services to ensure seamless compliance, optimise your tax position, and enhance financial efficiency.
Avoid Penalties:
Prevent costly fines, disqualification from gross payment status, and reputational damage.
Accurate Compliance:
Ensure precise CIS deductions and timely submissions to HMRC.
Cash Flow Optimisation:
Secure gross payment status to improve liquidity and financial flexibility.

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Tax Advisors FAQs

Frequently asked questions

  • What is the Construction Industry Scheme (CIS)?

    CIS is a HMRC scheme that regulates tax deductions on payments
    made by contractors to subcontractors in the construction industry.

  • Who needs to register for CIS?

    Both contractors and subcontractors working in the construction
    industry must register for CIS.

  • What is gross payment status, and how can I qualify?

    Gross payment status allows subcontractors to receive payments
    without tax deductions. Eligibility depends on meeting HMRC’s
    criteria, including a history of compliance and financial stability.

  • How can Tax Advisors help with CIS compliance?

    We provide end-to-end CIS advisory services, including registration,
    gross payment status applications, deduction management, and
    dispute resolution.

  • What happens if I don’t comply with CIS rules?

    Non-compliance can result in penalties, interest charges, and
    potential disqualification from gross payment status.

  • Can I reclaim overpaid CIS deductions?

    Yes, subcontractors can reclaim overpaid deductions through their
    Self Assessment tax return. Our team can assist with this process.

  • How often do contractors need to submit CIS returns?

    Contractors must submit CIS returns monthly, detailing payments
    made to subcontractors and deductions taken.