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How CIS Affects Contractors
The Construction Industry Scheme (CIS) is one of the most important – and often misunderstood – tax regimes affecting contractors in the UK construction sector. Whether you operate as a sole trader, a partnership, or a limited company, CIS has a direct impact on how you pay subcontractors, manage cash [...]
Contractor vs Subcontractor: CIS Differences
Why Understanding CIS Roles Matters In the UK construction industry, few tax schemes cause as much confusion as the Construction Industry Scheme (CIS). Whether you are running a construction company, working as a sole trader, or operating through a limited company, understanding the difference between a contractor and a subcontractor [...]
CIS Requirements for Subcontractor
For those working in the UK construction sector, understanding the Construction Industry Scheme (CIS) is not just advisable – it’s essential. Whether you're a sole trader, part of a partnership, or operating as a limited company, subcontractors must be aware of their legal obligations under the scheme. Failure to comply [...]
CIS Requirements for Contractors: Everything You Need to Know
The Construction Industry Scheme (CIS) is a key part of the UK’s tax framework, governing how payments are handled from contractors to subcontractors in construction work. As a contractor, it’s vital to understand your responsibilities under CIS—failure to comply can result in expensive penalties and cash flow problems. This guide [...]
CIS Deductions for Gross Payment Status Holders
If you operate in the UK construction industry, you’ll already be familiar with the Construction Industry Scheme (CIS). But even if you hold Gross Payment Status, meaning contractors should pay you in full without deducting tax at source, you might still face issues with CIS deductions. This article explains why [...]
CIS Payments to Subcontractors: Key Considerations
In the complex landscape of UK construction, the Construction Industry Scheme (CIS) plays a pivotal role in ensuring tax compliance among contractors and subcontractors. Administered by HMRC, the scheme mandates that contractors deduct money from subcontractors’ payments and pass it directly to HMRC. These deductions count as advance payments towards [...]