This course explains the responsibilities of contractors and sub-contractors operating under the Construction Industry Scheme (CIS), including recent procedural changes and the implications of getting employment status incorrect.
Please note: Materials for this course will be made available via an online platform, however a selection of these materials will need to be printed off and brought with you on the day. Login details for the online platform will be sent to you 10 days before the course start date. If you have any problems or questions, please email [email protected].
Why you should attend
The Construction Industry Scheme (CIS) is a specialised area of payroll, with a unique array of definitions, procedural responsibilities and calculations. This course covers all that is required for administering the CIS scheme correctly for an organisation.
During the half-day session, delegates will learn what work falls within the scope of CIS, the definitions of contractors, deemed contractors and subcontractors and how each should be registered with HMRC. The requirements for obtaining gross payment status, calculating payments due to subcontractors and completing the CIS300 return are also explained in detail.
Also covered are the penalties issued for not operating CIS correctly, the offsetting of CIS deductions and an overview of the principles of employment status and its applications within CIS processing. The course will focus on the calculation and reporting of CIS deductions. Detailed explanation of the reverse VAT charge will fall outside of the scope of this course.
Contractors, Payroll Co-ordinators, Payroll Managers & Finance Professionals who are responsible for processing and reporting CIS payments and returns.
What you will learn
To teach delegates the rules and regulations of the Construction Industry Scheme so they can manage the CIS processes required of their organisations.
To have an appreciation of:
- Why correct employment status is important
- The distinguishment between contractors and subcontractors under CIS
- The complete the CIS registration process
- How to calculate and process CIS deductions correctly
- How to comply with contractor’s obligations to subcontractors and to HMRC.
- Overview of the CIS scheme
- Defining contractors & subcontractors
- Distinguishing between mainstream and deemed contractors
- Classifying work that falls inside and outside of the scope of CIS
- Identifying the three deduction rates applicable for CIS payments
- CIS Registration & Verification Process
- Summarising the registration process for contractors
- Summarising the registration process for subcontractors
- Outlining the process for applying for gross payment status
- Explaining the verification process for subcontractors
- Completing CIS Returns
- Overview of CIS300 Returns
- Calculating amounts liable to CIS deductions
- Identifying payment methods & deadlines to HMRC for CIS deductions & returns
- CIS Record-keeping requirements
- Identifying CIS records required & appropriate timescales
- Summarising the penalty regime in place for CIS compliance
- Overview of employment status
- Appreciating the relevance of employment status for CIS operations
- Overview of the factors affecting employment status
- Identifying types of employment intermediaries
- Overview of the impact of off-payroll working rules for CIS
Prior learning required
Delegates should work in a role which gives exposure to their organisation’s CIS processes.
Payroll experience is ideal, but not essential for this course.
Continuing your learning
Off-payroll working (IR35) and other employment status considerations
Getting the employment status right for all those who fall within the scope of CIS is absolutely crucial for organisations, in order to avoid potentially severe financial penalties.
This course expands on the factors and case law influencing Employment Status, the different types and recent changes applicable to employment intermediaries and IR35 rules and explains the purpose of HMRC’s Check Employment Status for Tax (CEST) tool.
For more information please email [email protected]org.uk or call us on 0121 712 1063.
Closing date for bookings is two weeks prior to the course date.