As you may be aware changes to the Construction Industry Scheme (CIS) were due to take effect from 6 April 2006. However, due to serious concerns that businesses would have insufficient time to amend their systems and procedures and to train staff on the operation of the new scheme, the date was deferred until 6 April 2007.
This means that since 6 April 2007 if you are in the construction industry you are responsible for monthly sub-contractors CIS returns.
The new Construction Industry Scheme contains some positives for contractors, however the negatives far outweigh these.
For instance from April 6 there will no longer be any need for CIS cards, certificates or vouchers. On the other hand you, the contractor, will be directly responsible for the verification of your sub-contractors with HM Revenue & Customs (HMRC).
Additionally, whilst there will no longer be CIS annual returns, you will be required to complete and sign a new monthly return declaring that you have checked your subcontractor’s employment status.
Vantis’ Construction Group is comprised of CIS experts who can:
- Advise on the CIS requirements under the new scheme and help you to comply with these
- Identify the risk areas relating to the employment status of subcontractors that you need to be aware of.
Would you like more information?
For a summary of the key points concerning the new CIS legislation please click on the link below.
Construction - New CIS Summary Notes
If you would like more information about the new CIS rules and think you could benefit from meeting with one of our Construction Industry Scheme experts please submit an enquiry using our contact form.