All
businesses who make or receive payments from the construction related work on
a non PAYE basis must be registered under Inland Revenue’s Construction
Industry Scheme and abide by all of its rules and regulations concerning gross
and tax deducted payments.
Every month the Inland Revenue have to be informed of the payments made by the
contractor by means of a voucher, then pay over any tax deductions that have
been made from payments.
It is not as simple as it sounds, it is very complicated and if all the rules
and regulations are not followed, you could incur penlatlies.
We will take care of the administration of all your sub-contractors and Inland Revenue Payments, Distribution of payment vouchers and record keeping all through to the year end, which we will also process for you. All your records will be keep for six years plus the current year.
We will calculate them on a weekly basis, fortnightly, four weekly, or whenever one needs to be made, and provide a payment advice. All payments made between the 6th and 5th of each month will be recorded on a CIS voucher, and after you sign them, we will then distribute appropriately. To complete the process we will also records all gross payments received.
Tax Payments to the Inland Revenue
Tax deducted from CIS is treated the same way as PAYE tax and is included in the normal payments for PAYE Tax and National insurance. It does not matter whether you have employees. We will advice you each month of your exact Inland Revenue liabilities and forward the payment on your behalf.
If you have regular employees as well as subcontractors we will fully integrate your CIS into our payroll service. If you have just subcontractors then we will operate it as a CIS service only, and you could add regular employees at a late date if the need arises.
How many Subcontractors can I have?
We can process from 1 to 1,000 + employees paid weely, fortnightly, 4-weekly, monthy or yearly.
Whichever way it is operated we will only charge for actual number of payments
calculated or vouchers processed and our charges start at only £1.05 per
item. If
you would like more information on how the Construction Industry is ruled and
regulated, please either ask us for more information or ask for an Inland Revenue
Booklet.
We truly believe our prices are the most competitive around and we also check our competition prices on a regular basis to maintain this. However, if you find a genuine offer for the same service elsewhere cheaper than we are happy to match the price.
No.
of Vouchers per month |
Price |
1
- 5 |
£10.00
per month |
6
- 10 |
£1.95
each |
11
- 20 |
£1.80
each |
21
- 30 |
£1.75 each |
31
- 40 |
£1.60 each |
41
- 50 |
£1.55
each |
51
- 60 |
£1.40
each |
61
- 70 |
£1.35
each |
|
£1.20
each |
81
- 90 |
£1.15
each |
91
- 100 |
£1.10
each |
101
+ |
£1.05
each |
Other Services
We offer a full range of book-keeping and accountancy services. Below is a short list of a few of our services we offer clients: