Green Lantern Construction is here to make life easy for all of those in the construction industry, with our Construction Industry Scheme payroll service.
How Can Green Lantern Help ?
Those working in the construction industry already will fully understand that it can be a challenging environment, with legislative changes and red tape. Green Lantern Construction is here to make life easy for all of those in the construction industry, with our construction payroll services.
Construction has been recognised by HMRC as a problematic industry for collecting tax, national insurance and VAT for many years, and the first construction specific taxation scheme was introduced in 1972 with several versions since.
Over the years this has led to the creation of The Construction Industry Scheme (CIS) in August 1999, and reforms to CIS in April 2007 increased emphasis on compliance and a new compulsion to “consider” employment status. 2014 saw the introduction of ‘Tackling False Self-Employment’ and the associated changes to providing self-employment, making this an even more difficult area to work in without the appropriate assistance and expertise.
Is CIS Right For Me?
CIS only applies to the construction industry and only applies to self-employed Subcontractors and Contractors in the UK. If our construction payroll isn’t right for you, we can accommodate your payroll with either our Umbrella Company or accountancy services.