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Online CIS Management

Online CIS Management

The CIS, acronym for Construction Industry Scheme, set the payment rules for the construction industry subcontractors. Although this scheme mainly applies to construction-only companies, other entities with a high spend on construction also fall under CIS.

Accounting

Does CIS apply to you?

CIS applies in all the following cases in the construction industry:

  • self employed sole traders
  • companies
  • LLPs
  • partnerships

This scheme also applies to labour agencies, property developers and gang leaders. CIS may apply also to non construction companies (housing associations, local authorities etc.) spending more than £1 million a year on construction operations. CIS applies to all companies working in the UK (also the ones based abroad).

Accounting

What are construction operations?

What are the types of work falling under “construction operations”? In this case construction is defined as everything related to “building/making/assembling things”.

Here a list:

  • civil engineering work
  • permanent/temporary building work
  • extensions
  • refurbishment
  • decorating
  • demolition
Accounting

Online CIS Management

In order to pay someone else or getting paid under CIS, some rules need to be respected. Target online CIS management services help both contractors and subcontractors with targeted advice on CIS obligations and online operations. Our experienced London accountants helped several companies with CIS related paperwork and management.

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We're multi-award winning accounting firm

British Accountancy 2019

British Accountancy 2019

British Accountancy 2018

British Accountancy 2018

British Indian Awards 2017

British Indian Awards 2017

British Accountancy 2015

British Accountancy 2015

British Accountancy 2014

British Accountancy 2014

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