If you work in Construction and you are not subject to Supervision, Direction or Control, Compass CIS may be the best solution for you to enjoy the benefits of being self-employed. Once you are registered with the Construction Industry Scheme (CIS) and pass the Compass SDC assessment, you can work safe in the knowledge that you are compliant with HMRC’s rules.
With Compass CIS you will receive a weekly pay net of CIS deduction which is paid over to HMRC. Keep a record of your weekly allowable work expenses and you will be able to claim tax relief at the end of the year via a self-assessment tax return which our experts can prepare on your behalf, should you wish.
If you are new to contracting our team can help guide you through the process of registering for CIS.