In April 2014 HM Revenue & Customs (“HMRC”) introduced legislation to prevent individuals categorising themselves as self-employed with the help of an intermediary when they are, in reality, contracted employees.
Cinch ensure that the correct compliance checks are completed to offer CIS as an option, only to those genuinely self-employed. Find out more about the legislation here.
What is CIS?
CIS is the Construction Industry Scheme introduced by HMRC which sets out the rules for how payments to you, working in the construction industry, must be handled.
What does this mean for me?
If you are genuinely self-employed Cinch an invoice your agency and/or clients for the work you have done, deduct the correct level of CIS and pass this onto HMRC and then pass the net pay on to you.
How do I know if I am genuinely self-employed?
Our compliance team will complete an IR56 review with you in order to review your working practices. This considers direction, control and supervision on the assignment.
What are the benefits?
You will also benefit from our insurances which are in place to cover us and our subcontractors. We also take care of the invoicing and payments to HMRC so that you can spend your time doing what you do best and giving you one less thing to think about.
If you’re ready to start self-employed work in the construction industry, then Cinch’s CIS service is for you.
For more information, say hi to the Cinch Team on 0114 478 9351 or firstname.lastname@example.org