How To Stay Legal With The C.I.S | Applied UK

White paper: How to stay legal with the Construction Industry Scheme

HM Revenue & Customs (HMRC) charge penalties for all CIS returns not received by the 19th of every month.

Any return not received from contractors by the due date will be liable to a fixed penalty of £100 and a further penalty for every additional month that the return remains outstanding.

Up to 43% of contractors are likely to be fined for:

  • not informing HMRC of their nil returns
  • not validating the status of subcontractors
  • late monthly returns

Click here to read the white paper from Pegasus Software which looks at the rules and is designed to help you stay “fine-free”