Contractors and subcontractors who operate under CIS often need a variety of services that we provide at SHMS.
What is the Construction Industry Scheme?
The Construction Industry Scheme is a tax deduction scheme applicable to self-employed workers in the construction industry. Contractors take deductions from a subcontractor's payment and pass it to HMRC, as tax and National Insurance contributions.
Under the scheme, contractors are those who pay subcontractors for construction work. Contractors can also be businesses who spend an average of more than £1 million a year on construction in a three-year period. Subcontractors are those who do construction work for contractors.
Contractors
Contractors often need invaluable advice when it comes to the running of their business. Our CIS solution allows clients to run their businesses without the worry of compliance, because we take care of things.
Do you pay subcontractors for work? Or, does your non-construction business spend an average of more than £1 million on construction work per year in a three-year period? Read more about how we can keep you compliant under CIS, and maintain your self-employed workforce.
Subcontractors
Since 2009 we've been putting subcontractors at the heart of everything we do. The advice and service we provide to them is seamless, reliable and honest. We provide services including registration, verification, payment and insurance.
Do you provide construction work for contractors? Find out today how we can help you retain your self-employed status! SHMS can also keep you ensured and compliant, get payment to you and defend you against HMRC employment status challenges.