CIS Tax Deduction & Payments

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 [...]

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 [...]