Tag: Construction Industry Scheme

Contractors can deduct money from the payments sent to the subcontractor. This is then passed on to HM Revenue and Customs. (HMRC). These payments will be noted as advance payments, which are towards the tax for the subcontractor and National Insurance. This is all part of the Construction Industry Scheme.

Construction Industry Scheme (CIS) Workers

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What is Construction Industry Scheme?

Are you clicking into numerous links trying to find a blog that will explain to you what construction industry scheme is? Well after reading this blog, you won’t be clicking anymore! Read on to find out what does CIS mean? Definition of Construction Industry Scheme (CIS) This is a tax deduction scheme that requires contractors […]

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