CIS Accounting and Reporting Services
Easing the burdens of compliance for contractors to save time & reduce errors for contractors and subcontractors.
"As reputed tax advisors, we are geared to help a host of businesses including contractors working in the construction industry. Our CIS specialists make sure your tax deductions are on point and comply with all HMRC regulations."
Nikesh Shah, Tax Partner
If you work in the construction industry, chances are you have to file monthly CIS returns with HMRC declaring the CIS deductions from your subcontractors. Non-compliance with CIS can often land you in trouble with legal complications, fines, and penalties.
At DSK, we understand the complexities involved in CIS reporting. Our CIS reporting is designed to help streamline the whole process of contractors and sub-contractors to simplify the process for you. We will guide you through the maze of legislation involved in CIS reporting and manage the process of providing CIS statements to your subcontractors.
We aim to keep your CIS affairs in order, on time, and make sure you don’t incur penalties.
Our CIS Reporting Services Include:
- CIS registration and set-up for contractors
- HMRC Subcontractor Verification
- CIS monthly filings
- Monthly CIS deduction and payment statements
- Yearly CIS reclaim management
- CIS deduction statements
- Annual self-assessment return
- Administrative support and general advice
Custom CIS Reporting Packages Based on Specific Business Requirements
- We use systems that allow us to verify subcontractors online with the HMRC
- We help identify the CIS deduction rate to be applied by the contractor
- Full reporting to you the contractor, to HM Revenue & Customs, and to the subcontractor (including reprinting documents) are all done in seconds
- Transparent processes and fixed fees
- Our team can even make payments to the subcontractors on your behalf
- Smoother communication means you are kept updated at all times
Frequently Asked Questions
CIS is an HMRC scheme that applies to contractors and subcontractors in the construction industry. Under CIS, contractors must deduct tax from subcontractor payments and report these deductions to HMRC each month.
If you pay subcontractors to carry out construction work, you will usually need to register as a contractor under CIS. Subcontractors also need to be registered to ensure the correct deduction rates are applied.
Late or incorrect CIS returns can result in penalties, interest charges and HMRC compliance checks. Ongoing non-compliance can lead to more serious enforcement action.
CIS returns must be submitted to HMRC every month, even if no payments were made during that period.
The deduction rate depends on the subcontractor’s registration status. Rates can be 0%, 20% or 30%. We verify subcontractors with HMRC to ensure the correct rate is applied.
Yes. We verify subcontractors directly with HMRC and confirm the correct deduction rate before payments are made.
Yes. We prepare and issue monthly CIS deduction statements to subcontractors, ensuring they have the documentation needed for their own tax records and claims.
Yes. We manage yearly CIS reclaims and self-assessment returns to help subcontractors recover overpaid tax where applicable.
Contractors must keep records of subcontractor payments, deductions, verification details and CIS statements. We help maintain accurate records and can reissue documents if needed.
Yes. We can manage CIS deductions, prepare payment schedules and, where required, make payments to subcontractors on your behalf.
Yes. We support contractors of all sizes, from sole traders to larger construction businesses, with flexible and tailored CIS reporting packages.
We use HMRC-linked systems that allow fast verification, accurate reporting and clear communication. This reduces errors, saves time and keeps your CIS affairs fully up to date.
Take the First Step
To speak to a partner or for more information about the services we offer please contact the DSK offices or complete our contact form.