Multiple dates

Understanding Construction Industry Scheme

Get ready to dive deep into the world of Construction Industry Scheme - it's more than just hard hats and blueprints!

By Training Station

Location

Online

Refund Policy

Refunds up to 7 days before event

About this event

Master the essentials of the Construction Industry Scheme with clarity, confidence, and HMRC accuracy—minus the jargon.

Overview

The Construction Industry Scheme (CIS) may sound like a tangled web of deductions, paperwork, and HMRC regulations—but it doesn’t have to be. This course breaks down the essentials of CIS in a way that’s as straight as a spirit level and twice as useful. From registration to reporting, you'll explore how the scheme applies to contractors and subcontractors, and why getting it wrong can be more expensive than forgetting your hard hat.

Designed with clarity in mind and misinterpretation left at the door, this course navigates the obligations, payments, deductions, and reporting standards set out by HMRC. It also addresses common pitfalls and misunderstandings that can lead to unnecessary penalties. Whether you're just brushing up or building a solid foundation in CIS knowledge, this course helps keep your records as clean as your books should be.

Learning Outcomes:

Understand the purpose and scope of the Construction Industry Scheme.
Identify roles and responsibilities of contractors and subcontractors.
Learn registration procedures and verification of subcontractors with HMRC.
Explore the correct method for calculating and recording deductions.
Examine reporting requirements and monthly return submissions accurately.
Recognise penalties, appeals and common mistakes to avoid in CIS.

Course Curriculum:

Introduction to the Construction Industry Scheme
Roles of Contractors and Subcontractors
Registering with HMRC under CIS
Verifying Subcontractors and Deduction Rates
Payment, Deduction and Reporting Procedures
CIS Returns and Record-Keeping
Penalties, Appeals, and Common Errors

Who is this Course For:

Construction company owners aiming to manage CIS responsibilities correctly.
Self-employed subcontractors wanting clear insight into CIS deductions.
Accountants handling payroll or returns for construction clients.
Financial administrators working in construction-based businesses.
Bookkeepers needing to track and record CIS-related transactions.
Project managers seeking better awareness of contractor obligations.
Compliance officers reviewing CIS procedures for accuracy and risk.
HR or finance staff dealing with subcontractor payments and deductions.

Career Path:

Construction Accountant – Average Salary: £45,000/year
Payroll Administrator (Construction Sector) – Average Salary: £30,000/year
Bookkeeper (Construction Focus) – Average Salary: £28,000/year
Contract Manager (with CIS Knowledge) – Average Salary: £52,000/year
Subcontractor Coordinator – Average Salary: £33,000/year
Finance Assistant (Construction Industry) – Average Salary: £27,000/year

Frequently asked questions

What are the 4 types of construction industry?

The four main types are: Residential – homes, flats Commercial – offices, shops Industrial – factories, plants Infrastructure – roads, bridges, utilities

What are the 3 major segments of the construction industry?

Building construction Heavy civil construction Specialty trade construction

What is the purpose of CIS?

The Construction Industry Scheme (CIS) is a UK tax scheme where contractors deduct tax from subcontractors' payments and pass it to HMRC, helping manage tax compliance.

How much CIS have I paid?

You can check how much CIS you've paid by logging into your HMRC online account or requesting a CIS payment and deduction statement from your contractor.

Organized by

Training Station

Training Station is a dynamic online learning platform dedicated to providing an immersive and personalized educational experience. We offer lifetime access to engaging video lessons, tailored learning paths, and gamification features to keep you motivated and on track toward achieving your goals. Our team of skilled instructors, industry experts with years of hands-on experience, delivers high-quality lessons that blend theory with practical insights.

Explore our comprehensive resource library, filled with eBooks, articles, and research papers, to deepen your understanding and expand your knowledge. Powered by state-of-the-art infrastructure, our platform offers the latest technology to ensure a smooth and interactive learning journey.

To recognize your hard work and commitment, every completed course is rewarded with a PDF certificate, showcasing your achievement. At Training Station, we believe in making education not only effective but also rewarding and enjoyable.

From £8.00