Accountancy services
Specialist accountancy for the construction industry
CIS returns, contractor and subcontractor compliance, and year-end accounts — handled by accountants who understand how the construction sector works.
Construction accounting is different. We get it.
The Construction Industry Scheme adds a layer of complexity that general accountants often struggle with. CIS deductions, contractor obligations, subcontractor verification, monthly returns — it's a specialist area that requires specialist knowledge.
At Hancock & Hastings, we work with contractors and subcontractors across the construction sector, handling their CIS compliance and broader accountancy needs. We understand the pressures of the industry and provide practical, no-nonsense support.
What's included
- Monthly CIS returns preparation and submission
- Subcontractor verification with HMRC
- CIS deduction statements for subcontractors
- Contractor and subcontractor registration
- CIS deduction reclaims
- Year-end accounts for contractors and subcontractors
- Self-assessment tax returns
- VAT returns including reverse charge VAT
CIS specialists
We know the Construction Industry Scheme inside out — from monthly returns to reclaiming overpaid deductions.
Reverse charge VAT
We handle the domestic reverse charge for construction services, ensuring your VAT returns are correct and compliant.
Practical support
Construction businesses move fast. We provide responsive, practical support that keeps up with your business.
What is CIS?
The Construction Industry Scheme (CIS) is a HMRC scheme that sets out the rules for how payments to subcontractors in the construction industry must be handled. Contractors are required to deduct money from subcontractor payments and pass it to HMRC as an advance payment towards the subcontractor's tax and National Insurance. Getting CIS right is essential — the penalties for non-compliance can be significant.
Construction accounting made simple
Talk to us about CIS compliance and accountancy support for your construction business.