New Construction Industry Scheme Introduces £3000 Fines

Access CIS Software - A fully economic solution to address all the new CIS regulatory requirements

As you are already aware, in April 2007 the Government introduced the new Construction Industry Scheme (CIS) to manage the tax liability of sub-contractors involved in the construction industry.

Failure to either submit information correctly to HMRC or provide your sub-contractors with a statement of their payments and deductions could, in the future, result in a fine of up to £3000 every month!

Access CIS software provides an economic solution to address all the new CIS regulatory requirements.

Some of the main benefits are listed below:

• On-line verification of sub-contractors to confirm tax status
• On-line submission of returns to HMRC
• Matching facility to ensure that each of your sub-contractors have been verified by HMRC before you pay them
• Sub-contractor 'statements' on demand

Considering a fully integrated solution?

Unlike many other systems in the market, Access CIS can be run as a stand-alone module, so there is no need to change your existing accounts software.

Optionally, Access CIS fully integrates with Access Accounting's Dimensions financial solution. Maybe now is the ideal time to renew your business and financial software and opt for a fully integrated solution? If this is the case, then you really should consider award-winning Dimensions.

The powerful functionality of a Dimensions solution combined with the Access CIS module provides companies within the construction industry with a set of fully integrated business tools enabling you to streamline operations, improve productivity and increase profitability.  Why not contact us to find out more about CIS?

(Article published February 07)

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