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How to Avoid CIS Over-Deductions
If you’re working in the UK construction industry as a subcontractor, chances are you’re already familiar with the Construction Industry Scheme (CIS)—and the frustrations that can come with it. Among the most common issues faced is CIS over-deductions, where more tax is withheld than necessary, impacting your cash flow and [...]
Tax Return Implications of CIS for Contractors
The UK construction industry is one of the most heavily regulated sectors when it comes to tax compliance, and one of the most significant schemes affecting contractors is the Construction Industry Scheme (CIS). Whether you're just stepping into a contractor role or have years of experience in the trade, understanding [...]
Tax Code 1257L – What Does It Mean?
In the world of UK tax, your tax code quietly plays a vital role in determining how much income tax you pay. Often overlooked, this small string of letters and numbers found on your payslip, P60, or tax coding notice could be the difference between paying the right amount or [...]
CIS Tax Deduction for Limited Companies
The Construction Industry Scheme (CIS) is a key component of the UK’s tax system, designed specifically for the construction sector. It governs how payments from contractors to subcontractors are handled, with tax deductions taken at source and sent directly to HM Revenue & Customs (HMRC). While sole traders are often [...]
CIS Tax Deduction for Non-Resident Contractors
The UK construction industry is one of the most regulated sectors when it comes to tax compliance. One of the key frameworks ensuring proper taxation is the Construction Industry Scheme (CIS), established by HM Revenue & Customs (HMRC). While the rules may be relatively straightforward for UK-based workers, things become [...]
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 [...]