About us
Why us?
At Dynamik Services Ltd, we provide professional and high-quality CIS payroll and IT services to suit your needs since 2000. We help you understand the rules and regulations of the Construction Industry Scheme (CIS) and do all the paperwork for you, so you can focus on running your business.
Our qualified team will work with you to find bespoke solutions that help you save time and money, allowing you to focus on the job in hand. Whether you are the contractor or the sub-contractor, we at Dynamik Services can help you keep your CIS affairs in order.
What we do?
- We will chase up your paperwork
- We're available to take your calls after hours
- We provide advice on health and safety issues
Services
For contractors:
- Register you with HM Revenue & Customs (HMRC) as a contractor
- Verify your subcontractors with HMRC
- Ensure you pay your subcontractors correctly within the scheme
- Supply deduction statements to the subcontractors
- Keep your records in good order and supply HMRC with monthly returns
For subcontractors:
- Determine your status as a subcontractor or employee, (or both) and register you with HMRC accordingly
- Verify you with HMRC on behalf of your contractor
- Manage and organise your business records
- Prepare your end of year self-assessment tax return and calculate your tax liability/refund where applicable
Frequently Asked Questions
CIS is a scheme developed by HM Revenue and Customers (HMRC) for those working in the construction industry.
More information about the CIS can be found on a detailed booklet from the HMRC called "Guide to the Construction Industry Scheme" (CIS340)
A contractor is a business or other concern that pays subcontractors for construction work.
Contractors may be construction companies and building firms, but may also be government departments, local authorities and many other businesses that are normally known in the industry as ‘clients’.
Some businesses or other concerns are counted as contractors if their average annual expenditure on construction operations over a period of 3 years is £1 million or more.
Private householders are not counted as contractors so are not covered by the scheme.
A subcontractor is a business that carries out construction work for a contractor.
Yes.
All contractors must register with HMRC for the CIS. Subcontractors who do not wish to have deductions made from their payments at the higher rate of deduction should also register with us. We’ll provide registration details that contractors and subcontractors will need to use when they deal with payments.
You can work for us for as little or as long as you require. Our team are here to help you each step of the way.
Have some further questions? We would be more than happy to help. Contact our team today for further information on CIS.