What does the term “CIS monthly return” mean in the UK? Make Money Using Your Skills in CIS

If you work in construction, then you will be well aware of the Construction Industry Scheme (CIS). The CIS is a set of regulations that govern how contractors and subcontractors operate in the construction industry. As a result of the CIS, contractors are required to deduct money from a subcontractor’s payments and pass it on to HMRC. This money is then used to help fund various construction projects around the UK. If you are a contractor, then you will need to submit a monthly return to HMRC. This return must be submitted by the 10th of the following month. For example, if you run a payroll in February, your return must be submitted by 10th March. If you are looking for help with your CIS monthly return, then EfjConsulting can help. We are a team of accountants in Bexleyheath experts who can help you with all aspects of the financial terms. Contact us today to find out more!

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