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giant CIS

giant CIS

Our solution to get you paid faster, compliantly and on time whilst you work within the construction industry.

what is the Construction Industry Scheme?

 

The Construction Industry Scheme (CIS) is a tax deduction scheme where tax is taken at source for work related to construction.

As a self-employed person, you make a yearly tax payment to HMRC via self-assessment.  When working within the Construction Industry Scheme you may have tax deducted from the payments you receive. These deductions are credited by HMRC onto your personal account as credits for future tax you owe. The amount of tax deducted is determined by the level of CIS tax verification you have at the time the work is carried out. You may qualify for no deductions if you have gross payment status. 

With giant sitting in the contract chain between you and your agency / hirer, you can have peace of mind that the correct amount of tax deductions are made. This means that when it comes to completing your self – assessment there are no surprise tax bills!  

With giant CIS, not only do we offer a highly competitive margin, but we aim to get you paid faster than any of our competitors. Click here to contact a member of our team.

 

the benefits

your CIS status verification is completed during onboarding by our dedicated welcome team                    

fast onboarding means you are set up within hours

it’s self-bill which means you don’t need to raise an invoice to us to be paid – we'll do the admin for you

you will receive a text to notify you when we have paid you and a full CIS remit will be available on your portal

all payments are processed via Faster Payments so there’s no waiting around for your funds

end clients tend to have long payments terms, getting paid through giant CIS means you’ll get paid a lot faster

you’ll need to complete a self-assessment tax return but not to worry, our qualified team of accountants at giant accounts can provide this service with a 15% discount

a comprehensive insurance package covering you for all eventualities including professional indemnity, public liability, employers liability as well as personal accident insurance at no extra cost

 

your insurance package

your insurance package

  • professional indemnity £5million per any one claim
  • public liability £5million  per any one claim
  • employers liability £10million on any one occurrence
  • personal accident up to £500,000
    • cover is available 365 days a year, 24 hours a day
    • worldwide cover whether during work time or not
**giant** umbrella

giant umbrella

If for any reason you do not want to be self-employed through the CIS scheme for a particular assignment then giant umbrella, our straightforward PAYE solution, is for you. 

Our umbrella service is designed to be simple, paperless and hassle-free. We ensure that you receive the right level of support when on assignment, take care of all PAYE tax deductions, give you pension planning options and provide you with a mobile 1st portal so you can easily access your data. 

find out more