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Payroll Bureau - Construction Industry
If your business is in the construction sector, you will be aware of the Construction Industry Scheme (CIS) that came into effect on 6 April 2007 – and the heavy financial penalties charged for late returns under the scheme.
Contractors must now send a monthly return to HM Revenues and Customs (HMRC) that includes:
- details of all payments made within CIS to all sub-contractors
- details of any deductions made from payments to sub-contractors
- verification of employment status – that is, whether they are sub-contractor or employed.
Even if no payments have been made during a month, a nil return must be submitted.
Here at Moore Thompson, our expert team fully understands the requirements of CIS and provides a specialised Payroll Bureau service that fulfils all your responsibilities, including:
- maintaining records of all your subcontractors
- producing payment and deduction statements for your subcontractors
- completing and submitting month-end returns and submission to HMRC.
Please contact Mike Longley or Sandra Munday on 01945 465767 for further details of our CIS Payroll Bureau and a competitive quote.
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