Home About Us Services Resources Sage Insurance Useful Links How Do We Charge? Contact CONSTRUCTION INDUSTRY SCHEME (CIS) With effect from April 2007 CIS administration changed.  Main contractors must now comply with the new rules otherwise they could lose a gross payment certificate and suffer financial penalties on a monthly basis.  Contractors will be responsible for the following:- • Monthly Returns to HMRC, detailing every sub-contractor used or otherwise submitting a nil Return if none are being used. Failure to do so will incur a monthly fine. • On the Return details of sub-contractors’ earnings and tax deducted must be shown. • New sub-contractors need to be verified with HMRC in order to determine whether they should be paid gross or net, and at the same time how much tax should be deducted from their payments. • Every sub-contractor should be given a monthly payment and deduction statement. • Completing a monthly declaration to HMRC confirming that the sub-contractors are genuinely self-employed.  To get it wrong there is a potential risk of a £3000 fine each time.  The onus is on the Contractor. • If you are fed up with the pressure and need help, then call us and come for an introductory free advice discussion should you need to register under the CIS scheme. The cost of getting it wrong can be substantial, and at the same time could endanger your Contractor status with HMRC. If you have any doubts or queries concerning the CIS Scheme please contact us on 01625 420688.