If you are a developer, contractor or a builder in construction industry that uses sub-contractors, you need to setup up a CIS scheme before you can pay them. You must submit your CIS report to HMRC, deducting tax from subcontractors and pay the remaining balance to HMRC. Your sub-contractor will ask for the tax deduction voucher or report so they can claim their tax back. If you’re looking for an accountant who understands CIS and can manage your accountants, bookkeeping and payroll services, contact MHC Accountants in London today. We work with clients across the UK.