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Construction Industry Scheme
“30,000 fail to complete their CIS forms on time”
According to HM Revenue and Customs, it estimates that 30,000 businesses in the construction industry are failing to complete their CIS forms on time, or not completing them correctly.
If you employ subcontractors you must complete a CIS Return every month.
This applies even if you do not pay anyone in the current month - you still have to complete a ‘nil return’.
The penalties for non-compliance are severe. You can find yourself with a fine of up to £3,000 !
Contact Shelburne Accountancy and see how we can free you from this burden.
Contact Shelburne Accountancy, the personal service for small businesses