cis returns

CIS returns – simplified settlements for the construction industry

The Construction Industry Scheme (CIS) is a UK tax system that applies to businesses and subcontractors in the construction industry. Its purpose is to prevent tax evasion in this sector.

Nest Accountancy offers comprehensive CIS settlement services:

  • CIS status verification: We will check if your company is subject to CIS regulations and help you register with the scheme.
  • Deduction of tax at source: We will calculate and deduct the appropriate amount of tax from payments to subcontractors in accordance with CIS rules.
  • Preparing and submitting CIS returns: We will prepare and submit monthly CIS returns to HMRC on your behalf.
  • CIS advice: We will answer your questions and help you understand how the CIS system works.
  • Representation before HMRC: In the event of a tax audit or inquiries from HMRC, we will represent your interests.

Confused by CIS Returns? We can help!

Navigating the Construction Industry Scheme (CIS) can be tricky. Don’t get caught out! Our team of CIS experts is here to help you understand your obligations and ensure you comply with the scheme.

We offer:
– Comprehensive CIS return preparation and filing
– Assistance with CIS registration and verification
– Advice on CIS deductions and payments
– Support with CIS disputes and investigations

Contact us today for a free consultation and let us take the hassle out of CIS!

Benefits of choosing Nest Accountancy

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Saving time and money: By outsourcing CIS settlements to us, you gain time to run your business and avoid the costs associated with employing an accountant.

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Minimizing the risk of errors: Our specialists have the knowledge and experience to ensure the accuracy of your CIS settlements.

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Compliance with regulations: We ensure that your CIS settlements comply with applicable regulations, minimizing the risk of penalties.

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Peace of mind: You can be sure that your CIS returns are filed on time and in accordance with the regulations.

Who is subject to CIS regulations?

The following are subject to CIS regulations:

  • Contractors: Companies employing subcontractors for construction work.
  • Subcontractors: Individuals or companies providing construction services to contractors.

Works covered by the CIS scheme

The CIS scheme covers a wide range of construction work, including but not limited to:

  • Earthworks
  • Building construction
  • Renovations and modernizations
  • Electrical and plumbing installations
  • Roofing
  • Painting and wallpapering

Important: Even if your company is not directly involved in construction work, it may be subject to CIS regulations if it incurs significant construction expenditure (over £1 million per year for a period of more than 3 years).

Nest Accountancy offers

Hassle-free CIS settlements

Hassle-free CIS settlements

We take the administrative burden of CIS off your shoulders, ensuring timely and correct settlements with HMRC.

Peace of mind and cost optimization

Peace of mind and cost optimization

We minimize the risk of financial penalties and help you optimize your CIS tax liabilities.