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If you work in the construction industry, then it's vital to be able to manage your obligations under the Construction Industry Scheme (CIS) - or you face punitive fines.
The CIS is a set of rules dealing with handling the payments for construction work that contractors make to sub-contractors. The scheme covers all ‘construction operations’ carried out in the UK, as well as other related work. If your business is involved in construction operations, you might operate as a contractor or sub-contractor or as both.
There are strict filing deadlines when filing the monthly CIS returns to the Inland Revenue. Failure to comply with these will result in a fine, even if the deadline is missed by as little as one day.
Here at GRC, we can relieve you from the stress of completing the returns and provide your sub-contractors with their monthly CIS deduction statements.
Or please do not hesitate to contact us using the contact details below.