For small to medium sized businesses up to 250 employees

IRIS CIS Payroll

Call

0344 
815 5656

Key Features:

  • IRIS CIS Payroll stores the UTR (Unique Tax Reference) for your company
  • Contacts the HMRC’s Gateway at the click of a button and verifies the tax status for
    any of the sub-contractors on the system
  • Calculates VAT for VAT registered sub-contractors
  • Prints Invoices and Remittance Advices
  • Provides electronic monthly tax returns to HMRC
  • Provides a journal file which can be imported into IRIS Accounts Office and other accountancy packages
  • Withhold part of the payment until future pay periods
  • Caters for CITB Training Levy
  • Named Account Manager to personally ensure all your needs are met    

Who can use IRIS CIS Payroll?

CIS can apply to all types of businesses that work in the construction industry within the UK. These include:

  • Self-employed individuals working as sole traders
  • Partnerships
  • Companies
  • Limited liability partnerships (LLPs)

 As well as traditional construction businesses like builders, the scheme can also apply to businesses like:

  • Labour agencies and staff bureaus
  • Gangmasters - or gang leaders
  • Property developers

Why IRIS CIS Payroll?

Under the Scheme, all payments made from contractors to sub-contractors must take into account the sub-contractors tax status, determined by HMRC. This may require the contractor to make a deduction from the sub-contractor’s payment in order to pay it to HMRC.

The new Construction Industry Scheme dispenses with the need for registration cards, certificates and vouchers, replacing them with electronic registration via HMRC’s Gateway (already used for PAYE returns).

The deduction rates for the scheme are 20% for sub-contractors registered with HMRC for payment under deduction and 30% for those not registered.

IRIS on Twitter IRIS blog IRIS on LinkedIn IRIS on YouTube