CIS

CIS Training Course explains the duties , obligations and responsibilities of the contractors and subcontractor falling within the scope of Construction Industry Scheme (CIS). The course provides up to date information of all the recent technical changes by HMRC and its implication of getting all the employment rules right.

CIS-Short-Accountancy-Course

Who is it for?

Anyone who is or going to be connected to the construction industry where they will be responsible to manage the payroll are responsible for processing and reporting CIS payments.

Pratical CIS Training :

In addition to dealing with the administration of the scheme, attendees will receive practical advice on how to manage the typical issues that they will encounter with subcontractors.To reinforce the learning and consolidate your knowledge, there are also two interactive sessions which look at case studies and exercises relating to the scheme.

Learning outcomes?

CIS Training will help trainees to,

  • How to register under CIS scheme with HMRC
  • Activation of CIS Module on Sage, XERO or QuickBooks
  • Understanding of the responsibilities towards HMRC, the contractor and the subcontractor duties and labilities.
  • Verification Process for engaging new subcontractors
  • How to make the correct CIS deductions from payments.
  • Processing the main contractors, subcontractors and gross pay
  • A detailed understating of the necessary processes and report submissions
  • An overall compliance with the law and all technicalities around CIS Scheme.

Course content CIS Training

  • Purpose and background of the CIS
  • Importance of establishing the employment status and verification process
  • Compliance requirements and electronic filing and paying
  • The penalties for getting it wrong
  • Registration and cancellation of registration
  • Business test
  • Turnover test
  • Verification procedures
  • Payments
  • Day to day requirements
  • Monthly returns
  • Paying subcontractors and processing the deduction of tax
  • Disputes and errors
  • Online appeals from April 2016
  • Mandatory online filing from April 2016
  • Withdrawal of telephone verification service from April 2017
  • Continued impact of the IR35