The Construction Industry Scheme (CIS) affects contractors and subcontractors working in the construction sector. Find out who needs to register for CIS, what your record-keeping responsibilities are, and what registration means for your tax bill.
The Construction Industry Scheme (CIS) is in place to tackle tax avoidance within the construction sector, and means contractors must make deductions from their subcontractors’ pay – also known as ‘advance payments’ towards their tax bill. With this requirement comes good record-keeping, as well as monthly CIS returns to tell HMRC how much you’re paying…
If you’re a subcontractor in the construction industry, then the contractor you work for will normally take CIS deductions from your pay each month, and pay these towards your income tax and National Insurance. In some cases you can opt to handle your taxes independently without the contractor making CIS deductions, but only if you…
