CONSTRUCTION INDUSTRY SCHEME (CIS)
CONTRACTOR? - SUB-CONTRACTOR?
This scheme applies to contractors and sub-contractors in mainstream construction work. We can help you understand and set up the scheme, prepare monthly returns, vouchers and annual / monthly reporting.
| Contractors deduct money from a sub-contractors payments and pass it to HM Revenue and Customs |
| The deductions count as advance payments towards the subcontractor’s tax and National Insurance |
| Contractors must register for the scheme. Subcontractors have to register as a self employed subcontractor and the contractor has to verify them, deductions are taken from their payments at a higher rate if they’re not registered |
