The UK construction industry is a vibrant and active sector, offering significant opportunities for international firms. However, navigating the complexities of UK tax regulations, particularly the Construction Industry Scheme (CIS), can be a daunting task. At BNA Consulting, we specialise in providing seamless support to international construction businesses, ensuring they can confidently register for the Construction Industry Scheme and operate smoothly within the UK market.
Understanding the CIS Maze
The CIS is a system set up by HMRC (Her Majesty’s Revenue and Customs) to collect tax from subcontractors in the construction industry. It requires contractors to deduct tax from payments made to subcontractors and pass this on to HMRC. For international firms new to the UK, understanding the nuances of CIS – who needs to register, how to register, and the ongoing reporting requirements – can be overwhelming.
Why Choose BNA Consulting for CIS Registration?
- Expert Guidance in English and Russian: Our multilingual team of accountants and consultants is fluent in both English and Russian, ensuring clear and effective communication throughout the registration process and beyond. We understand the specific challenges faced by Russian-speaking businesses entering the UK market.
- Streamlined Registration Process: We handle the entire CIS registration process on your behalf, from initial application to obtaining your CIS registration number. We ensure all paperwork is completed accurately and submitted on time, minimizing the risk of delays or penalties.
- Comprehensive Support: Our services extend beyond just registration. We provide ongoing support with CIS compliance, including:
- Verifying subcontractors.
- Calculating and deducting the correct amounts of tax.
- Preparing and submitting monthly CIS returns.
- Dealing with HMRC queries.
- Minimising Risk and Maximising Efficiency: By entrusting your CIS registration and compliance to BNA Consulting, you can avoid costly errors, save valuable time, and focus on growing your business. We ensure you remain compliant with all relevant regulations, allowing you to operate with confidence.
- Tailored Solutions: We understand that every business is unique. We tailor our services to meet your specific needs and circumstances, providing personalised advice and support that is relevant to your operations.
Register for Construction Industry Scheme: Let Us Handle the Details
Don’t let the complexities of CIS registration hold your international construction firm back. BNA Consulting offers a hassle-free, efficient, and reliable service to help you register for the Construction Industry Scheme and navigate the UK tax landscape with ease.
Ready to take the next step?
Contact us today for a free consultation. Let our experienced team guide you through the CIS registration process and help you unlock the full potential of the UK construction market. You can reach us at 0208 991 9910.
We look forward to welcoming you to BNA Consulting!