Understanding the Construction Industry Scheme (CIS)

All self-employed contractors in the construction sector must register with the Construction Industry Scheme (CIS), which is governed by HMRC. Under the scheme, contractors deduct a portion of payments made to subcontractors and pass these deductions to HMRC. Subcontractors who fail to register will be subjected to higher tax deductions.

Once you are registered with HMRC, we handle all necessary tax deductions and submissions under the CIS scheme on your behalf.

Key Benefits of Our CIS Service:

• Faster payment terms compared to direct client contracting.
• Reduced administrative workload, as We Pay It CIS operates as a self-billing company.
• Tax status verification assistance through our expert verification team.
• Annual income statement to facilitate self-assessment tax returns.
• Public liability cover included, reducing additional insurance costs.
• Personal accident cover, ensuring financial protection in case of workplace injury.
• Regular SMS updates regarding payment status and tax submissions.
• Preferential accountancy service rates through IB&Co Accountants.

Not in the Construction Industry?

Our CIS solution is also available to self-employed contractors in other sectors. The main difference is that non-construction contractors cannot register under the government CIS scheme. However, they can still benefit from our payroll expertise, compliance support, and financial management services.