We have years of expertise in Construction Industry Scheme (CIS) accounting, advisory and filing, which requires a lot of HMRC compliance. If something goes wrong, could cause unwanted penalties. Since the 1st March 2021, VAT reverse charge on construction and building services became applicable to VAT-registered businesses within the Construction Industry Scheme. The VAT reverse charge means that contractors should not pay VAT to the subcontractors associated with the CIS scheme, instead contractor should pay VAT directly to HMRC. We can assist you in ensuring compliance with HMRC.
We offer the following services:
Register with HMRC as a contractor or subcontractor.
Check that your subcontractors are registered with HMRC.
We make sure you pay your subcontractors in line with the rules of the scheme.
We ensure deduction statements must be provided to subcontractors.
Submit monthly returns CIS returns for contractors.
Maintain your records in order and provide HMRC your monthly returns.
We keep you informed on tax legislation in the current year and tax thresholds.
VAT reverse charge for construction services.
Our deep understanding of this complicated scheme will help you save time and effort at low costs.