Contractors
Construction Industry Scheme (CIS)
For self-employed subcontractors in the construction industry, selecting Payshield Umbrella as your service provider and income source is the perfect choice. Additionally, you'll gain access to Payshield Perks, a variety of benefits and support designed to help you, and your family maximize your earnings.
Register online in minutes by completing the sign-up form below or call us on 020 4591 5007. It couldn’t be easier.
How CIS works ?
For genuinely self-employed individuals working in the Construction Industry, our CIS solution is a straightforward way of receiving your income regularly and accurately. Each time we process your CIS income, we verify your UTR (Unique Tax Reference) with HMRC to make sure CIS tax is deducted at the correct rate.
What you can expect from Construction Industry Scheme (CIS):
Assess you and the role as being suitable for self-employment
Verify your Unique Tax Reference (UTR) with HMRC
Calculate and deduct the appropriate CIS tax, then pay across to HMRC
Inform you of the amount they will be paid
Take all responsibility for all status submissions to HMRC
Provide a payment statement each time the you are paid, and an annual CIS deduction statement
Take away the risk of CIS penalties
How CIS payments are calculated ?
We’ll invoice your agency at the agreed rate for the number of days or hours you have worked each week. From the income we receive, we’ll deduct our margin then deduct and the relevant CIS tax amount before making a payment to you alongside an income statement each week.
You’ll receive a text notification informing you of your payment.
We’ll also provide you with an annual CIS deduction statement making your self-assessment process as easy as possible.