New Construction Industry Scheme

Introduces £3000 Fines

A fully economic solution to address all the new CIS regulatory requirements

As you are already aware, in April 2007 the Government will introduce the new Construction Industry Scheme (CIS) to manage the tax liability of sub-contractors involved in the construction industry.

Failure to either submit information correctly to HMRC or provide your sub-contractors with a statement of their payments and deductions could, in the future, result in a fine of up to £3000 every month!

Access CIS software provides an economic solution to address all the new CIS regulatory requirements.

Some of the main benefits are listed below:

A comprehensive solution available from just £695^*
On-line verification of sub-contractors to confirm tax status
On-line submission of returns to HMRC
Matching facility to ensure that each of your sub-contractors have been verified by HMRC before you pay them
Sub-contractor 'statements' on demand
Unlimited number of sub-contractors at no additional cost

Considering a fully integrated solution?

Unlike many other systems in the market, Access CIS can be run as a stand-alone module, so there is no need to change your existing accounts software. Optionally, Access CIS fully integrates with Access Accounting's Dimensions financial solution. Maybe now is the ideal time to renew your business and financial software and opt for a fully integrated solution? If this is the case, then you really should consider award-winning Dimensions.

The powerful functionality of a Dimensions solution combined with the Access CIS module provides companies within the construction industry with a set of fully integrated business tools enabling you to streamline operations, improve productivity and increase profitability. Find out more about Dimensions

Free BASDA CIS White Paper

BASDA has recently published a white paper containing all the information that you need to know about the new CIS. This independent paper retails at £25.00 however, Access Accounting has copies that are available free of charge.

Why not apply for your FREE copy today? Simply visit complete the form on the right.

For further information from BASDA visit www.basda.org/cis or telephone 01494 868030. More information on CIS can also be obtained from the HMRC website: www.hmrc.gov.uk/new-cis or call the helpline on 0845 366 7899.

* Excludes an Annual Maintenance Charge of £340 + VAT