Don’t get caught out – The Construction Industry Scheme
Posted: 1st April, 2019
Conceived in 1971 to prevent perceived tax evasion by construction workers, the Construction Industry Scheme (CIS) is a UK tax deduction scheme. It involves tax being deducted at source (0%, 20%, 30%) from payments made by contractors to subcontractors for construction operations. Any tax withholding is then paid over each month to HM Revenue &... Read More