Untrained eyes probably never suspect, or give a second thought, to the payroll intricacies demanded of business owners and their HR payroll representatives in the construction industry. Many have treble the amount of considerations and responsibilities that are uniquely sector specific to the field of construction. Most businesses of all sizes operating in other sectors have their own direct employees on their payrolls. Due to the specific nature of the construction industry, many firms operating within this sector also have rafts of sub-contractors to deal with, besides their own directly employed team members.
Sub-contracting has always been, and indeed continues to be, a long standing norm in the construction industry. HR payroll professionals working in construction process sub-contractor payments alongside the payments of their own staff. Besides this dual layer of payment processing, they additionally have to comply with HMRC’s tax liabilities that specifically and uniquely apply to the construction industry alone. These tax regulations are commonly referred to as the Construction Industry Scheme or CIS for short.
Furthermore, CIS tax returns have to be made on a monthly basis. What this equates to in real terms is that what many non construction companies battle with annually, construction businesses contend with month on month. The vast majority of business owners in the construction industry are experts in their field and well aware of the unique natures of their payrolls. Yet practice can often prove far more trying than theory. This prompts many of them to seriously consider appointing external payroll services to remove these continuous burdens from their busy shoulders.
At Moorepay, we are a leading UK payroll company with sector specific expertise in construction payrolls. As several aspects of construction payrolls are so utterly unique and unlike those of other sectors, we supply to demand, with payroll consultants and systems dedicated to construction.
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