How to Reclaim CIS Deductions as a Subcontractor
The Construction Industry Scheme (CIS) is a tax deduction system implemented by HM Revenue & Customs (HMRC) to regulate payments between contractors and subcontractors in the construction sector. Under this scheme, contractors must deduct a percentage of subcontractors’ earnings—typically 20% for registered subcontractors and 30% for those not registered—with the [...]