BBL Accounting

CIS Payroll

CIS applies to most workers in the construction industry. The Construction Industry Scheme (CIS) sets out the special tax rules for subcontractors who work in the construction industry and how payments must be handled by contractors

bbl accounting, Accounting Services Milton Keynes & London

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A service tailored to you and your business

You focus on Building and we will sort out the accounting!

Whether you are a contractor or a subcontractor we’re here to help and get you registered with HMRC.

As a contractor we will assist you with

  • Verifying all your sub contractors
  • Ensuring your payments are correct and inline with the scheme
  • Supply deduction statements to your subcontractors
  • Keeping your records in good order and supply HMRC with monthly returns.

BBL Accounting will ensure that you avoid all penalties.

If you are a subcontractor we can assist you in filing your annual self assessment tax return.

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Focus on your business. And we’ll focus on the numbers.

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We know one size doesn’t fit all, so let our lovely experts find the right solution for you.

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Dot the i’s, cross the t’s and we’ll take care of the rest.

Frequently asked questions

  • What is CIS (Construction Industry Tax Deduction Scheme)?
  • Who is responsible for paying tax and NI if I am a sub contractor?
  • Do I get holiday pay if I’m CIS?

What is CIS (Construction Industry Tax Deduction Scheme)?

CIS is a scheme developed by HM Revenue & Customs for the construction industry. Contractors and subcontractors must be registered with HMRC and hold a UTR (Unique Tax Reference) number. Contractors pay their subcontractors tax to HMRC where subbies claim back from.

Who is responsible for paying tax and NI if I am a sub contractor?

If you are registered with a UTR number 20% tax will be deducted from your income by us at source. You will be responsible for your weekly Class 2 NI payments and Class 4 at the end of the financial year when filing a self-assessment tax return.

Do I get holiday pay if I’m CIS?

As you are self-employed, and not an employee or worker, you do not qualify for holiday pay. You also have no entitlement to sick pay or paternity/maternity but you may qualify for payments from the government.

What is CIS (Construction Industry Tax Deduction Scheme)?

What is CIS (Construction Industry Tax Deduction Scheme)?

CIS is a scheme developed by HM Revenue & Customs for the construction industry. Contractors and subcontractors must be registered with HMRC and hold a UTR (Unique Tax Reference) number. Contractors pay their subcontractors tax to HMRC where subbies claim back from.

Who is responsible for paying tax and NI if I am a sub contractor?

Who is responsible for paying tax and NI if I am a sub contractor?

If you are registered with a UTR number 20% tax will be deducted from your income by us at source. You will be responsible for your weekly Class 2 NI payments and Class 4 at the end of the financial year when filing a self-assessment tax return.

Do I get holiday pay if I’m CIS?

Do I get holiday pay if I’m CIS?

As you are self-employed, and not an employee or worker, you do not qualify for holiday pay. You also have no entitlement to sick pay or paternity/maternity but you may qualify for payments from the government.

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BBL Accounting

Passionate about our performance.

We strive to be the best at all times. We constantly train and educate our staff with the ever changing tax regulations to ensure we are always on top of our game.