CIS Returns
For Contractors working in the construction industry
What is the Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) requires contractors to make tax deductions on behalf of their subcontractors.
These deductions count towards the subcontractors’ tax and National Insurance, spreading the payments out over time instead of one lump sum at the end of the tax year.
CHAPS will process these for you every month and will be able to make any deductions required to maximise the take home pay compliantly.
Most clients find this cost-effective solution a game changer as our team of specialists in CIS returns not only save you money but give peace of mind when it comes to the legality of the returns completed.
What's the process for completing your CIS returns as a contractor?
- We will send you a reminder: The payroll team will contact you before the 19th of every month asking how much you’ve paid to your sub-contractor, or, if we are already supporting your payroll, we will send out the month end report.
- We will send out your CIS statement: We’ll then reply with your statement, letting you know how much you owe to HMRC.
- We will submit your CIS return to HMRC: Once we've received your approval, we'll submit your CIS return to HMRC. Job done!
Why choose us to complete your CIS returns?
- Reduce the risk of penalties: If your CIS return is even one day late, the penalty is £100 and if it’s more than two months late, a further £200 penalty is applied. Our monthly automated reminders will help you avoid these unnecessary charges.
- Comprehensive service: Our complete contractor service includes everything from adding and verifying your new sub-contractors, to processing your payments, deduction statements, and submitting your monthly CIS returns to HMRC.
- Free representation: As well as handling your CIS returns, statements and how much you owe HMRC, we’ll also act on your behalf if they decide to investigate your affairs, fighting your corner.