2024-10-16T09:35:26+00:00Categories: CIS Payroll & Software Integration, CIS|Tags: Making Tax Digital|
Making Tax Digital (MTD) and CIS In recent years, the UK government has introduced several reforms to modernise and streamline the tax system, with Making Tax Digital (MTD) being one of the most significant. It is important as a contractor or subcontractor to understand how MTD Impacts CIS. MTD aims [...]
2024-10-16T09:31:40+00:00Categories: CIS Registration & Compliance, CIS|
Welcome to the Construction Circus! Ah, the construction industry—a world where hard hats meet even harder regulations. Among the many mysterious documents floating around, the CIS statement stands out like a crane on a construction site. But what is it, really? Let’s embark on a journey to demystify the CIS [...]
2024-10-16T09:31:41+00:00Categories: CIS Tax Deduction & Payments, CIS|
Overview of CIS Deductions and its Importance The Construction Industry Scheme (CIS) is a tax deduction scheme which involves tax being deducted at source from payments which relate to construction work. CIS covers most construction work to buildings, including site preparation, decorating, refurbishment, and civil engineering. If you are a [...]
2024-10-16T09:38:07+00:00Categories: CIS Tax Deduction & Payments, CIS|
Understanding CIS the Construction Industry Scheme represents a pivotal framework within the UK construction sector, mandating contractors to withhold tax from payments to subcontractors, which are then passed to HM Revenue and Customs (HMRC). This initiative aims to minimise tax evasion and ensure a steady flow of tax revenues [...]
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