Contractor Monthly Returns

This service is for the contractors who hire subcontractors in the UK construction industry.

CIS Explained

CIS (Construction Industry Scheme) is a set of rules on how payments should be made in the UK construction industry. The main feature of the scheme is that it requires to make 20-30% deductions from payments to subcontractors.

CIS Contractor Registration

All businesses that hire subcontractors in the UK construction industry need to register with HMRC as an employer/contractor.

Requirements

All contractors are required to verify with HMRC each hired subcontractor and then make CIS deductions from their payments.

By 19th of every month every contractor have to complete contractor's monthly returns. The process involves providing HMRC with details about payments and deductions made to subcontractors during last month.

By 19th of May of every year contractors are required to submit Employer's Annual Return which is a summary of all payments and deductions made during financial year.

Let Us Help

Brilliant Accountants has a highly qualified staff of accountants that can manage verifications of your subcontractors, complete contractors monthly returns and submit employer's annual returns on your bahalf. 

Service Fees

The price for contractor's monthly returns depends on the number of subcontractors you need to verify and pay. Up to 10 subcontractors would cost £10 each, all additional would cost £5 each.

Employer's Annual Return price vary between £100-£200 depending on the number of transactions you had during the financial year.

Course on DVD

You can learn how to complete Contractor's monthly and annual returns by going through our course on DVD for CIS contractors.