Latest News: CIS-Connect gains HMRC recognition for monthly returns and verification requests. Find out more...
From April 2007, the Scheme is undergoing a major change. The aims of the new system are to remove much of the paper. The Government hopes that this will reduce fraudulent activity too. However, it will shift much of the administrative burden to the contractors and subcontractors.
There are over 250,000 registered contractors and over 2 million sub-contractors on HMRC records that will be affected by these reforms. HMRC have been running workshops to inform people about the new scheme, but with less than 20% of the industry attending the HMRC seminars, questions are still being asked about whether the industry is ready for the change.
Zeraxis have developed CIS-Connect to help minimize the pain of running the new scheme. Whether you are a contractor or a subcontractor, there is a benefit to be gained by using CIS-Connect.
If you are a contractor in the building industry, or indeed any business spending £1m p.a. or more on construction (a “deemed” contractor), you will need to be registered for CIS in time for 6 April 2007. Do you have plans in place to be compliant in time for 6 April 2007? Are you ready for your data quality checks in November and March? Find out more…
If you are a subcontractor and currently hold a CIS4, 5 or 6 registration, what do you need to do? What will change? Find out more…
If you are a subcontractor and don’t hold a CIS4, 5 or 6 registration, what will you need to do? Will you still be able to get work? Find out more…
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