Complying with the Construction Industry Scheme

Let us worry about financial compliance

The Construction Industry Scheme (CIS) is a scheme designed by HMRC to minimise tax evasion within the construction industry.

CIS applies to all payments made by a contractor to a subcontractor under a construction contract.

Tax must be deducted from a subcontractor before any payments are made and a CIS return must be submitted for each tax month.

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The benefits of using Caldwell Penn

Saves time
Compliance

A simple guide to the Construction Industry Scheme

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Designed to help individuals and companies of any size understand the Construction Industry Scheme and their responsibilities.

Feel free to download this guide and share amongst your colleagues.

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A simple guide to the Domestic Reverse Charge

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Designed to help individuals and companies of any size understand the Domestic Reverse Charge and their responsibilities.

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"I have always found everyone that I have dealt with at Caldwell Penn to be knowledgeable, friendly and responsive. I would recommend anyone looking for tax or accounting advice to seriously consider Caldwell Penn."

Tim Ward, Cityward Limited

"We have used Caldwell Penn for over 10 years. Their service is always faultless and they are a valued member of the team, enabling us to concentrate on our business with the confidence to know that the accounting function is in safe hands."

TONY BINNIE, Brockwell Group Limited

"Personally, I find everyone at the firm extremely helpful, patient and always completely professional"

Andy McStravick, McStravick Consulting Limited

"The team at Caldwell Penn take care of our accounts and payroll so that we can focus on our core business objectives. Their Bramley office is in a great out of town location with easy access and free parking. Caldwell penn didn't hesitate in assisting with a reference for our companies recent AIPP accreditation. A professional and friendly service above and beyond expectation. We wouldn't hesitate in recommending Caldwell Penn again and again!"

Elliott Ward, The Again Group Ltd

"The team at Caldwell Penn provide an indispensable service to our Club. Their advice in completing year end accounts is practical, responsive and approachable. Their audit service is always professional and supportive, giving both the Club members and Committee great benefit. We would thoroughly recommend this firm."

Godalming Naval Club

"I cannot recommend Mark and the team at Caldwell Penn highly enough. As a small business owner, what I need is great advice and high quality of work delivered when I need it, and they deliver this every time."

Jon Horton, Shorton Property LLP

"Caldwell Penn helped to set up my first business in 2010, initially as a Sole Trader, then as a Limited Company and this year advised on the structure of a second company with all the joys of VAT and payroll to contend with. Knowing that Mark and the team manage our accounts and tax allows us to do our job and grow the business. I would happily recommend their professional and friendly service to any start-up or growing business and being local is a real bonus."

Kevin Kingham, UK Lanyard Makers Ltd

"Caldwell Penn have become an essential arm of our business. They provide a very personal service and are very proactive and forward-thinking in their advice. Most importantly, they are great at chasing us for our personal tax return information!"

Lori Clarke, Propitas Building & Project Consultants Limited

"Caldwell Penn feels like a family who care about you."

Patsy Seddon

"I have been hugely impressed with the team at Caldwell Penn from my very first meeting. The swiftness of responses to any queries never ceases to amaze; I have always been treated with enormous respect despite, no doubt, often asking highly ignorant questions given my very primitive understanding of tax.Their friendly help and guidance has enabled me to get my tax affairs suitably organised and I sleep more soundly at night knowing I am in safe hands, not to mention better off. I would recommend them to anyone."

Thomas Hobbs, Thomas Hobbs Tenor Ltd

Why should I prepare a CIS return?

It's a UK statutory requirement

If you are a contractor and you hire subcontractors to undertake any of the following work:

preparing the site, e.g. laying foundations and providing access works
demolition and dismantling
building work
alterations, repairs and decorating
installing systems for heating, lighting, power, water and ventilation
cleaning the inside of buildings after construction work

then it is a statutory requirement that you deduct tax from your subcontractors pay and prepare a CIS return on a monthly basis for each tax month.

How do I prepare a CIS return?

Let Caldwell Penn do the hard work for you

We have a team of in-house tax experts with vast detailed knowledge of the latest tax legislation who will prepare your CIS returns, ensuring that your business is fully compliant.
Your CIS return will be submitted electronically to HMRC on time and hassle free, with the only thing left for you to do is make sure you pay HMRC the required tax, pay your subcontractors the tax deducted amounts and make us aware of any new subcontractors you hire. It's that simple.
The team will also deal with any HMRC enquiries on your behalf leaving you with one less thing to worry about.

What are the benefits?

Staying compliant without the stress

We will give you the confidence that your company is compliant with all legislation and that your subcontractors are being paid the correct amounts.
We will free up your time allowing you to concentrate on the more important day-to-day running of your business.

Frequently asked questions

What is the Construction Industry Scheme (CIS)?

What are contractors and subcontractors?