CIS Return Services

A CIS (Construction Industry Scheme) return is a report that contractors in the construction industry in the United Kingdom must submit to HM Revenue and Customs (HMRC) to report payments made to subcontractors. The Construction Industry Scheme is a tax deduction scheme specific to the construction industry, designed to regulate payments and ensure proper tax compliance.

It is a necessity that all construction contractors submit CIS Returns, but we understand that this isn’t always straightforward, sometimes the technical ‘know-how’ of a professional is required. Our service will take all the hassle out of submitting a CIS return, meaning you can relax and stick to what you do best, leaving the rest to us.

Our team of qualified accountants have extensive experience in managing the tax return process for Construction Industry Scheme Registered Individuals. Need help? Call us 0203 002 2027.

Reporting Period

CIS returns are typically filed monthly. Contractors must submit a CIS return to HMRC for each tax month, which runs from the 6th of one month to the 5th of the following month.

You do not have to file a return for the months when you made no payments to subcontractors, but you must tell HMRC that no return is due.

Record keeping

Under the Construction Industry Scheme (CIS), you must keep records of:

• the gross amount of each payment invoiced by subcontractors, excluding VAT
• any deductions you’ve made from subcontractor payments

If you made deductions, you must also keep records of the costs of materials the subcontractor invoiced you for, excluding VAT.

Keep these details for at least 3 years after the end of the tax year they relate to. HM Revenue and Customs (HMRC) could ask to see your CIS records at any time.

You could be fined up to £3,000 if you cannot show your CIS records when asked by HMRC.