Managing your Construction Industry Scheme
Managing a Construction Industry Scheme can be daunting whether you’re ‘new to the game’ or a seasoned veteran. HMRC’s legislation is always shifting, especially as we move more and more into a digital age.
Allowing a team of trained and experienced workers to assume the responsibilities of your CIS administration can be business-changing. Not only does it free you or your current employees up from CIS-related issues, allowing you and your employees to focus your attention elsewhere.
Administration
Should you choose to partner with us, we would assume almost all your CIS responsibilities, including, but not limited to:
Verifying subcontractors
Issuing payslips
Issuing monthly statements
submitting payment information to HMRC
Paying your subcontractors directly
Storing and maintaining payment and subcontractor details
How does it work?
A quick run-down of how it would work:
1. Send us your subcontractor details
2. We will input the data into our systems and secure the original data in our offices
3. We will design you a spreadsheet or database tailored to your wants/needs
4. Return the completed spreadsheet to us with subcontractor’s gross pay
5. Repeat step 4 every week
There are no set-up fees at Avalon Payroll, don’t worry. All we need is your subcontractor’s details and we can get to work setting you up.
We assume the responsibility of verifying your subcontractors and ensure they are being paid the correct rate. We calculate CIS and apply it to all applicable subcontractors, sending them a payslip with a breakdown of how they were paid. All payments are submitted to HMRC. At the end of each tax month, we mail monthly CIS statements to your subcontractors and submit the data to HMRC.
We invoice you for the total amount of the net pay, plus our fee, and make sure each subcontractor receives exactly what they should. After payment, each subcontractor will receive a payslip and, if applicable, an SMS text. All subcontractors are paid via FPS(Faster Payment Submission)/BACS and all payments are submitted to HMRC
