CIS Services

The Construction Industry Scheme (CIS) is a set of rules and regulations set forth by HM Revenue and Customs (HMRC) for businesses operating within the construction industry in the United Kingdom. It requires businesses to verify the CIS status of subcontractors, withhold a portion of payments made to subcontractors for work completed, and remit that money to HMRC on behalf of the subcontractors.

Compliance with CIS regulations is required by law. Failure to comply with the rules of the CIS can result in fines and penalties. Additionally, compliance with CIS regulations helps to ensure that workers are paid correctly and on time, promotes fair competition within the industry, and helps the government to collect taxes efficiently and effectively.

A CIS company is responsible for verifying the CIS status of subcontractors, withholding and remitting CIS deductions to HMRC, maintaining accurate records of payments made to subcontractors, and assisting with CIS returns and paperwork. They are also responsible for resolving any issues or disputes with HMRC regarding CIS compliance and providing advice and guidance on CIS regulations and compliance.

Inquistoria provides a range of CIS compliance services to help businesses navigate the regulations and requirements of CIS. Our services include verification of subcontractors' CIS status, withholding and remitting of CIS deductions to HMRC, maintenance of accurate records of payments made to subcontractors, assistance with CIS returns and paperwork, and help with resolving any issues or disputes with HMRC regarding CIS compliance. We also provide advice and guidance on CIS regulations and compliance.

Yes, inquistoria.com can help you resolve any issues or disputes with HMRC regarding CIS compliance. Our team of experts is well-versed in CIS regulations and can provide guidance and assistance to ensure that your business is in compliance with all CIS regulations.

To ensure that your business is CIS compliant, you should verify the CIS status of your subcontractors, withhold and remit CIS deductions to HMRC, maintain accurate records of payments made to subcontractors, and assist with CIS returns and paperwork. Additionally, you should have a good understanding of CIS regulations and seek guidance and advice as needed. inquistoria.com can help you to ensure that your business is CIS compliant.