Compliance

The Construction Industry Scheme (CIS) identifies special rules for tax and National Insurance for taxpayers working in the construction industry. The scheme is a minefield of regulations; meaning it is relatively easy to fall foul of the strict rules in place and even easier to incur penalties.

Sovereign Plus effectively works with our many subcontractors to provide construction services to our clients, in line with HMRC guidelines and legislation ensuring your business is fully compliant.

We guarantee your protection surrounding all HMRC legislation.

New Legislations

The Finance Act 2021 introduced legislation to prevent non-compliant businesses from using the CIS to claim tax refunds to which they are not entitled.

Save Time

Your administrative responsibility is reduced to one invoice per site, per week. One bank payment and only one subcontractor needs to be submitted on monthly CIS returns.

You do You

No future verifications need completing. You focus on what you do best - growing your business without distractions of ensuring you comply with CIS regulations.

Contracting firms who do not work fully in accordance with HMRC legislation risk

Paying up to 6 years back-dated taxes
Claims for up to 6 years holiday pay, unfair dismissal & discrimination
Accountability to pay and NI contributions
Substantial fines against each subcontractor
Losing gross payment status