If you are registered under CIS, you will need to file monthly returns and keep full CIS records, you may get a penalty if you don’t.
Rosemary Bookkeeping can help you complete your monthly return so that at the end of the financial year all information required by HMRC will have been submitted.
Construction Industry Scheme (CIS) covers all construction work carried out in the UK, including jobs such as:
The UK includes UK territorial waters up to the 12-mile limit.
The scheme doesn’t apply to construction work carried on outside the UK. However, a business based outside the UK and carrying out construction work within the UK is within the scheme and must register accordingly.
The scheme covers all types of businesses and other concerns that work in the construction industry, including:
These businesses can be:
contractors and subcontractors
Under the scheme, the terms ‘contractor’ and ‘subcontractor’ have special meanings that cover more than is generally referred to as ‘construction’.
If you are unsure if you should register for the Construction Industry Scheme (CIS), need to know how it will effect your bookkeeping, need help registering or ongoing assistance with returns, contact your local Rosemary Bookkeeper to see how we can help.