CIS training
Do you want to advance your skills or make a career change? Our one-of-a-kind Diploma in Construction Industry Scheme (CIS) Course could be able to assist you in your quest! Expand your knowledge with high-quality training - enrol in the Diploma in Construction Industry Scheme (CIS) and benefit from an expertly developed, cost-effective training programme.
Through the Diploma in Construction Industry Scheme (CIS) online training course, you may learn from our industry professionals and swiftly educate yourself with the exact information and abilities you need to flourish in your chosen job.
What is CIS?
The Construction Industry Scheme is a tax plan implemented by HMRC to generate income from the construction industry. Contractors enrolled under this plan must deduct 20% to 30% tax from subcontractors, depending on the program's registration status. In the construction business, this approach reduces tax avoidance.
Why should you enrol in CIS training?
CIS is a subset of payroll with its criteria, methods, and calculations. This course covers everything a corporation wants to understand about running a CIS system successfully.
During the half-day training, delegates will understand what CIS covers, the definitions of contractors, deemed contractors, and subcontractors, and how each should be listed with HMRC. There are further rules for reaching gross payment status, computing subcontractor payments and submitting the CIS300 report.
The focus of the training course will be on calculating and reporting CIS deductions. The penalties for incorrectly operating CIS, the offsetting of CIS deductions, and an overview of the concepts of work status and their applications within CIS processing are also presented. The scope of the CIS training course does not include a detailed discussion of the reverse VAT charge.
Course Overview
Industry specialists have created this Certification in Construction Industry Scheme (CIS) to give you a comprehensive grasp of the subject. Our courses are divided into easy-to-understand modules that break down each topic and provide our students with the necessary knowledge.
If you want to work in the construction industry and stand out from the crowd, our Diploma in Construction Industry Scheme (CIS) is a great place to start.
We promise that you will learn useful skills and obtain a great deal of information about the subject. And the abilities you have after finishing the course will greatly assist you in finding work in the sector.
Course Modules
Aside from dealing with the scheme's administration, guests will receive practical advice on dealing with the common challenges they would face with subcontractors. There are also interactive sessions that look at case studies and activities related to the plan to enhance the learning and cement your knowledge.
CIS process
- How do you tell if someone should be treated as an "employee" rather than a "subcontractor"?
- How can you know if a subcontractor is a member of this programme?
- How can you know if a subcontractor is a member of this scheme?
- What will you do if you think a supplier has enlisted as a subcontractor in the programme?
- What factors determine how much tax should be deducted from paying a subcontractor?
- When do you submit your payments to HMRC?
- How do you deduct payments from subcontractors and submit them to HMRC?
- What records do we have to keep?
- How do you fill out and submit your monthly CIS returns?
Consequences of making a mistake
- What kind of fines may HMRC try to impose?
- In what circumstances would we be required to pay HMRC interest and penalties?
- What should I do if a punishment offends me?
Learning Outcomes
- Find out which sorts of firms are covered by the Construction Industry Scheme (CIS) and which ones aren't.
- Learn how to meet the CIS's requirements for contractors.
- With examples, you'll know how to calculate and deduct payments effectively.
- Learn why maintaining records is important and how to do it effectively.
- Discover how to gain Gross Payment Details and how to lose it.
- Learn about the three exams that Subcontractors must complete to receive Payment Certificates.
- Learn how to prepare your company for the CIS.
Skills you will gain.
- Payroll Administration
- Management of Accounts
- CIS Expertise
- Legislative Expertise
- Administrative Expertise
- Contract Administration
- Negotiation
Who should enrol in this course?
The CIS has far-reaching ramifications for every company that works in the construction industry or engages in building projects. The CIS would affect anyone involved in organising work, engaging subcontractors, arranging contracts, procuring, authorising bills, and finance and tax teams.
Why Future Connect?
To provide you with the most help in learning, we use a blended learning strategy with revision-based clients available from home.
Flexible one-on-one training sessions tailored to your schedule, with the freedom to pick days, times, and sessions.
- After training, a recruitment firm can assist you in finding work.
- A certificate from a reputable accounting firm.
- One-on-one coaching sessions for CV writing, interview preparation, and job-seeking advice.
- Software installation on your laptops for practising at home.
- All major accounting bodies' experience requirements are covered.
Tutoring Assistance
When you enrol in the Academy for Health & Fitness's Diploma in Construction Industry Scheme (CIS) programme, we assign you a tutor. They'll assess your work and offer you frequent updates on your progress. Throughout your time at the institution, you will have access to the tutor's advice and help.
Process of Evaluation
Once you have finished all the Diploma in Construction Industry Scheme (CIS) course modules, we will examine your abilities and knowledge with an assignment questions evaluation. To pass the test and receive certificates, you must complete the assignment questions given after the course and score a minimum of 60%.
Why should you attend CIS training?
The Construction Industry Scheme (CIS) is a specialised payroll sector with its own set of definitions, procedures, and computations. This training includes everything a company needs to know about effectively running the CIS system.
Delegates will learn what CIS covers work, the definitions of contractors, considered contractors, and subcontractors, and how each should register with HMRC throughout the half-day workshop. The rules for achieving gross payment status, calculating subcontractor payments, and completing the CIS300 report are also detailed.
The consequences for incorrectly operating CIS, the offsetting of CIS deductions, and an overview of work status concepts and their applications within CIS processing. The focus of the training will be on calculating and reporting CIS deductions. The scope of this course does not include a detailed discussion of the reverse VAT charge.
Contractors, Payroll coordinators, Payroll Supervisors, and Finance Professionals in charge of CIS payouts, including returns processing and reporting.
