by Ashley | Sep 13, 2024 | Construction Industry
The Construction Industry Scheme (CIS) was introduced to combat tax fraud by getting contractors to “tax” subbies at source. The construction industry is the only industry in the UK where this happens – hence why it is called the Construction...
by Ashley | Aug 16, 2024 | Construction Industry
The construction industry is the only industry where self-employed contractors are ‘taxed’ at source. This is done under the construction industry scheme (CIS). CIS was created in an attempt to stop construction companies from disguising employees as...
by Ashley | Jul 12, 2024 | Construction Industry, Subcontractors
The construction industry can be a minefield for disputes as there are so many things that can go wrong. And if there is a problem with a project, the client is likely to hold the main contractor responsible, regardless of whether it was the fault of a subcontractor....
by Ashley | May 14, 2024 | Construction Industry
Running a construction business is complicated. You have to manage suppliers, subbies and customers, ensure you stay compliant with ever-changing regulations, and try to make a profit when costs seem to rise almost constantly. As if that wasn’t enough to contend...
by Ashley | Apr 24, 2024 | Construction Industry
The construction industry is the only industry in the UK where self-employed subbies are taxed at source. This is done under the construction industry scheme (CIS). Under construction industry scheme rules, the main contractor must make CIS deductions from a...
by Ashley | Apr 16, 2024 | Construction Industry
The construction industry scheme (CIS) is a tax deduction scheme put in place by HMRC to tackle tax avoidance in the construction industry. Contractors must register under CIS. Subcontractors do not have to register, but failing to register for CIS has consequences....
