Features
- Understanding the CIS
- Compliance requirements
- Record-keeping
- Tax deductions
- Contractor and subcontractor obligations
- Penalties and appeals
This Construction Industry Scheme Training Courses (CIS), includes a unique set of definitions, duties, and computations. This training covers everything needed to successfully administer the CIS system for an organisation.
The course will teach employees what types of work are covered by CIS, the distinctions between contractors, considered contractors, and subcontractors, and how to register each with HMRC. Also outlined in detail are the prerequisites for acquiring gross payment status, figuring payments owed to subcontractors, and finishing the CIS300 return.
The fines imposed for improper CIS operation, the offsetting of CIS deductions, and a summary of the concepts governing employment status and its uses within CIS processing are also presented.
Professional Careers Training and Recruitment offer Best Online Construction Industry Scheme Training in the UK:
The Construction Industry Scheme Course covers the following topics
- Introduction to CIS300 Returns.
- A brief summary of the sanctions in place for CIS compliance.
- How to register with HMRC under CIS.
- Understanding of the obligations towards HMRC, the contractor, and the subcontractor duties and responsibilities.
- Determining the amounts subject to CIS deductions.
- Determining the HMRC payment procedures and due dates for CIS deductions and returns.
- Obtaining and verifying direct debit banking information from employees
- CIS Module Activation on Sage, XERO, or QuickBooks Training.
- Using adjustment tables and tax tables in tax calculations
- Verification Recruiting new subcontractors.
- How to pay your bills correctly.
- Processing of the primary contractors, secondary contractors, and gross pay.
- A comprehensive description of the required procedures and report submissions.
- Full adherence to the law and other CIS Scheme-related formalities.
- CIS Record-keeping Standards.
- Determining the necessary CIS documents and the relevant deadlines.
Construction Industry Scheme Course Benefits
- Employees will understand what types of work are covered by CIS, the distinctions between contractors, considered contractors, and subcontractors, and how to register each with HMRC.
- Gain practical skills to apply in real-world scenarios.
- Learning Accounting Software (Sage, xero, QuickBooks & advanced excel).
- 1-2-1 training with ACCA qualified Chartered Accountants & CPD approved Trainer’s support.
- Software support & installation.
- 24*7 Access to online resources, including video tutorials and case studies.
