This service is for self-employed construction workers who are registered under the Construction Industry Scheme (commonly called CIS).
Here at Elite Administration Services, we will make sure that you are compliant with HMRC and we also provide comprehensive insurance cover.
CIS rules apply to all payments made by a contractor to a subcontractor under a construction contract, allowing subcontractors to make regular contributions towards their national insurance and tax obligations. HMRC will let the contractor know the rate of tax to apply to your pay during the verification process.
The tax deduction rates are:
0% if the subcontractor has a ‘gross payment’ status which means deductions do not have to be made at source.20% for registered subcontractors.30% for unregistered subcontractors.
What we offer
An expert weekly service with a low, competitive margin. A robust Supervision, Direction and Control (SDC) assessment for each assignment to ensure your income is subject to the correct tax. A fully managed payroll service taking care of all the paperwork so you can complete your assignment with no worries.
You choose to engage with us, via a contract services
The company invoices recruitment for the work you do, and the client then pays the invoice to the Umbrella academy
The company will then process your wage, making any necessary CIS deductions and paying them to HMRC as a subcontractor