CIS
CIS (Construction Industry Scheme) was set up by HMRC to specifically calculate and collect from sub-contractors working in the construction industry. Once registered as a CIS worker you are taxed at the standard rate of 20%, if you're unregistered in CIS it's 30%. In order to register with us have your UTR (Unique Tax Reference) number at the ready.
How Does IT Work?
Contractor
Submits hours
Agency
Verifies and sends to payroll
Payroll Company
Calculates net pay
Contractor is paid
Payroll company pays contractor
HMRC
Submit to HMRC and pay taxes
benefits to you
Top Level
Industry terms, business support and guidance
In-house Team
Dedicated to your account, your staff and your pay.
Experts
Best in practice legislative guidance and insurance
Fast Payments
Responsive registration, invoices and fast payments.
Insurance
Fully insured from date of registration all included
Our Clients
"Great knowledge and expertise that we've managed to utilise across our business.
Employees supported from the first payslip to end of year, advice a plenty and great HR.
Thank you, Louisa and team xx"
"Main accountant suddenly took unwell, fortunately Anchor were able to provide us the interim support until they got back on their feet.
Thanks for the cover "
"Just starting out on our expansion with new staff and new processes. AWFS helped us from onboarding to P60's, VAT to year end.
It was a blessing to have the full round, year round service. "
"With multiple staff on multiple sites with our own payroll to contend with we were getting snowed under.
Anchor quickly took over our temp staff with all the variations and idiosyncrasies in their stride. The process was so smooth we decided to pass the whole responsibility on to them.
Amazing team, it has been a dream."
