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VERTO CIS for construction contractors

With VERTO CIS we offer self-employed subcontractors working within the construction industry a flexible solution that allows them to maximise their income.

Our team will help contractors to ensure that they remain compliant at all times, and that they follow the requirements of the Construction Industry Scheme.

What is the Construction Industry Scheme?

Contractors working within the construction industry are required to register with the government run Construction Industry Scheme (CIS).

The scheme requires contractors to deduct money from subcontract payments, which are subsequently passed on to HM Revenue and Customs (HMRC). Subcontractors not registered on the government’s CIS scheme will have deductions taken at a higher rate.

Once contractors are registered on the government scheme, VERTO CIS takes care of the rest; making all necessary tax deductions accrued under the CIS scheme and pay them on your behalf to HMRC.

What are the benefits of VERTO CIS?
  • Reduced payment terms as opposed to contracting directly with a client.
  • Contractors will have access to further contracting opportunities through the recruitment agencies that VERTO work with.
  • Reduced administration time as VERTO CIS is a self-billing company.
  • Verification department to assist with taxation status.
  • We will provide an annual statement of contract income to assist with self-assessment tax returns for contractors.
  • Public liability cover is included and therefore there is no need for contractors to have separate cover on assignments.
  • Contractors will have personal accident cover, therefore in the case of accident on assignment in which a contractor cannot work, they will be compensated.
  • Access to health and safety advice.
  • Preferential rates on accountancy service from AGP Chartered Accountants.

VERTO Self Employed

Not in the construction industry?

VERTO CIS is also an ideal solution for self-employed contractors working across other sectors.

The service for contractors not working in construction differs slightly, as contractors will not be eligible to sign up to the government scheme, and secondly,VERTO CIS will not deduct tax from payments. The other benefits of this service, however, will ultimately remain the same.

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