Construction Industry Scheme (CIS)

Working in the construction industry may mean your tax obligation falls under the Construction Industry Scheme (CIS). The CIS is a tax deduction scheme covering payments made by contractors to subcontractors (as distinct from employees, which instead are covered by PAYE). Because of this, as a self-employed contractor in the construction industry, ICS Accounting’s CIS arrangement may be the best option for you.

We take compliance very seriously, and we’ve designed and updated the services we offer to ensure they remain compliant. We’re proud to say that we’re FCSA Accredited for all solutions, including our CIS arrangement.

Who Do We Serve as CIS Accountants?

It’s important to confirm whether someone is suitable. We ask all CIS workers who approach us to complete our purpose-designed Supervision, Direction and Control (SDC) questionnaire.

In this you’ll answer a set of open-ended questions the answers to which will help us confirm eligibility for SDC. We also require that you be on a minimum rate of £15 per hour.

Contractors looking at plans for building

CIS Accounting with ICS Accounting

  • A net increase in take-home pay versus PAYE methods
  • Same-day payments to ensure you’re paid on time, every time
  • A dedicated account manager working with you who will be available during the working week
  • A competitive margin for the service against others
  • Access to fully qualified accountants in-house
  • Our highly experienced team will carry out contracting administration and invoicing on your behalf, saving valuable time from your day and ensuring accuracy
  • One of our accountants will complete your Reduced Self-Assessment Tax Return, making sure that the document will be accurate, compliant, and ready to file by deadline
  • Above all, your account manager will offer clear, honest, and jargon-free advice whenever you need it