CIS Payroll
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CIS Payroll Experts – Save time & money

The Construction Industry Scheme (CIS) can be a legislative nightmare for contractors and subcontractors alike and the expectation of HMRC for compliance is very high.

You’ll be well aware that recently legislation relating to the status of workers in construction industry has tightened. The liability for non-compliance with CIS is all yours.

The Burden of CIS Administration

Your responsibilities are to:

  • Verify each sub-contractor with HMRC
  • Calculate and pay CIS tax
  • Inform the sub-contractor the amount that they will be paid
  • Take full responsibility for all status submissions to the Revenue
  • Provide both a payment statement (for each time the subcontractor is paid) and an annual CIS deduction statement.

The Risk of CIS Penalties

The current penalties for failure include:

  • Failure To submit monthly return, (including a nil return) by the correct date, £100
  • Monthly return is still outstanding after 2 months, an additional £200
  • Monthly return outstanding after 3 months = additional £300 or 5% of the CIS deductions from the return (whichever is higher), and additional increases for returns that remain outstanding at 6 and 12 months.
  • Review and even loss of gross payment status

Penalties for failures by both contractors and subcontractors are harsh and difficult to mitigate, so we at Ontime can help you get your house in order, either at the outset or now.

Why not give us a call today and let one of our CIS consultants offer you a FREE consultation and see just how much time and money we can save your business.

Online contact form or call 0113 8267260.

Ontime is proud to announce our latest service offering employers the opportunity to comply with the new workplace pension laws, please visit our Auto Enrolment Company website for more information.

Tax Return Service only £100

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