Whether you pay subcontractors or are paid as one, the Construction Industry Scheme is a minefield of monthly returns, verifications and deductions. We take the whole thing off your hands: monthly CIS300s filed on time, every subcontractor verified, and CIS suffered reclaimed in full against your tax bill.
Every month we collect your subcontractor invoices, verify each one with HMRC (20% standard, 30% unverified or 0% gross), prepare and file the CIS300, issue payment & deduction statements to each subbie, and remind you of the 22nd payment deadline. Late filing = £100 minimum penalty per return, rising fast.
If you trade as a sole trader the 20% deduction is reclaimed through your self-assessment SA100 - often producing a £3,000-£10,000 refund. If you trade through a Ltd the deduction is offset against PAYE/NIC, with any excess refunded by HMRC after year-end. We handle both routes and chase HMRC if refunds drift past 6 weeks.
Gross payment status (0% deduction) transforms cashflow. To qualify you need a clean compliance record, the business test, and turnover above £30k (sole trader) / £30k per director (Ltd) / £100k total (Ltd). We prepare the application, fix any compliance gaps first, and respond to HMRC's 12-monthly Tax Treatment Qualification Test reviews.
Contractor CIS from on request/month for up to 10 subcontractors. Subcontractor SA100 with CIS reclaim from on request. Ltd company CIS bundled into our monthly limited company package.
£100 at day 1, £200 at 2 months, £300 or 5% of deductions at 6 months, and another £300 / 5% at 12 months. Per return. Per month late.
Yes, up to 4 prior tax years for sole traders via amended self-assessments. For Ltd companies we can correct prior PAYE/NIC offsets.
