Navigating the CIS landscape
The Construction Industry Scheme (CIS) is a UK tax deduction program that applies to individuals and businesses working in the construction industry. Under CIS, contractors are required to withhold a percentage of payments to subcontractors, helping to ensure tax compliance and transparency within the sector.
CIS made easy with MyPeople
Registering for CIS is straightforward, and our dedicated support team is here to guide you through every step.
Once your gross funds are received, we apply a modest processing fee and withhold 20% tax, before remitting it directly to HMRC on your behalf. The remainder is then deposited straight into your personal bank account, saving you the time and effort of managing the paperwork.
To avoid higher 30% tax deductions, it’s crucial that your CIS registration is complete and your UTR number is verified.
Signing up for the CIS Scheme
1. Register with HMRC
If you are not already registered with HMRC for self-assessment or as a limited company or sole trader, you’ll need to register as self-employed or as a business entity.
3. Complete the CIS Registration Form (CIS 305)
You can register for CIS online through the HMRC website or by completing the CIS registration form (CIS 305) and submitting it to HMRC by post.
2. Obtain a Unique Taxpayer Reference (UTR)
Your UTR is a 10-digit number provided by HMRC. You will need this to register for the CIS scheme.
4. Verification and approval
After submitting your registration, HMRC will review your application. Once approved, you will receive confirmation of your CIS registration.
Signing up for the CIS Scheme
1. Register with HMRC
If you are not already registered with HMRC for self-assessment or as a limited company or sole trader, you’ll need to register as self-employed or as a business entity.
2. Obtain a Unique Taxpayer Reference (UTR)
Your UTR is a 10-digit number provided by HMRC. You will need this to register for the CIS scheme.
3. Complete the CIS Registration Form (CIS 305)
You can register for CIS online through the HMRC website or by completing the CIS registration form (CIS 305) and submitting it to HMRC by post.
4. Verification and approval
After submitting your registration, HMRC will review your application. Once approved, you will receive confirmation of your CIS registration.