Construction Industry Scheme Accounting

Specialising in tax advice, compliance and business consultancy for construction






Construction Industry Scheme Accounting

Construction Industry Scheme

If you are involved in the Construction Industry, regardless of whether you operate as a sole trader or a small to medium sized corporate, you need to be aware of your obligations under the Construction Industry Scheme [CIS].

This scheme sets out the rules for subcontractor and contractor obligations, payments and deductions.

We provide advisory services and practical guidance across all aspects of CIS from registration, reclaims, rebates and compliance matters to Gross Payment Status application and HMRC enquiries.

As registered HMRC agents, we are able to process CIS returns online monthly using our approved integrated software, we also operate an RTI payroll bureau which is essential when processing offsetting PAYE and NIC liabilities.

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Construction is one of the most challenging industries in which to operate, managing cashflow is critical to success and with payment terms averaging in excess of 60 days, having access to liquidity and working capital is often the difference between success and failure.

Our team of accountants and tax advisors understand this industry intimately, we work with clients to ensure not only they operate efficiently from a tax and compliance perspective, but also that they are adequately protected against financial and operational risk, preventing the possible demise of a business through a single event or payment failure.

We can provide extensive planning and advisory services incorporating finance and funding options that not only ensure your profitability and survival, but also providing you with opportunities for expansion and growth.

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Switching to F9 couldn’t be easier! Complete the form opposite and one of our Chartered Certified Accountants will manage the entire process from start to finish, simples!

  • Quick and easy to switch
  • Affordable fees
  • Full tax review to ensure you are not overpaying tax
  • ‘Fee Protection’ Insurance included (covers fees in the event of HMRC enquiry)
  • Dedicated Accountant
  • HMRC Registered Agents

 

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How do CIS deductions work?

The amount deducted from a subcontractor’s payment depends on their CIS registration status. If they are registered under the Construction Industry Scheme (CIS), the contractor will deduct 20% from their payment and send it to HMRC as an advance towards their tax and National Insurance contributions. However, if they are not registered, the deduction increases to 30%.

At F9 Consulting, our expert CIS accountants can guide you through the complexities of CIS compliance, helping you manage subcontractor payments efficiently while ensuring you meet all HMRC requirements.

Whether you’re a contractor or subcontractor, we’ll help you stay compliant and minimise your tax burden with professional, tailored advice.

What work falls under CIS?

The Construction Industry Scheme (CIS) covers a wide range of construction activities, including building, demolition, and repairs. It primarily applies to the labour element of an invoice. Some specific types of work that fall under CIS include:

  • Site preparation, groundwork, and excavation
  • Construction and erection of buildings and structures
  • Alterations, extensions, and repairs to existing buildings
  • Painting, decorating, and refurbishment
  • Electrical, plumbing, and heating installations
  • Ventilation and air conditioning work
  • Landscaping, dredging, and land reclamation
  • Installation of security and alarm systems

CIS doesn’t just apply to contractors and subcontractors directly involved in construction—it can also affect businesses that carry out construction as part of their operations, such as architects, surveyors, and engineers.

At F9 Consulting, our CIS specialists can help you determine whether your business falls under the scheme and ensure you meet all compliance requirements. Get in touch with our expert team today for tailored advice.

 

Why Work with a Specialist CIS Accountant?

Navigating the Construction Industry Scheme (CIS) can be complex, but working with a specialist CIS accountant ensures you stay compliant and manage your responsibilities efficiently. Here’s what’s involved:

  • Registering for CIS – To operate as a CIS contractor, you must register with HMRC by completing an online application and providing key business details.
  • Subcontractor Verification – Before making payments, you must verify each subcontractor’s CIS registration status, checking their Unique Taxpayer Reference (UTR) and other details with HMRC.
  • Payment & Deductions – Contractors are responsible for deducting the correct amount of tax (20% for registered subcontractors, 30% for unregistered ones) and submitting it to HMRC.
  • Reporting Obligations – Every month, you must submit a CIS return detailing payments made and deductions taken. You’ll also need to provide subcontractors with CIS deduction statements showing the tax withheld.

At F9 Consulting, our CIS experts can help you meet all your obligations while minimising admin burdens. Get in touch today for specialist support and advice.

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10 Trinity Square,
London EC3N 4AJ
Phone: 0207 100 1080

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Canary Wharf, London E14 5AA
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