CIS (Construction Industry Scheme)
The Construction Industry Scheme (CIS) is a set of special rules for handling payments for construction work that contractors make to subcontractors. The scheme covers all ‘construction operations’ – construction work – carried out in the UK, as well as some other related work.
If your business is involved with construction operations then it might operate as a contractor or as a subcontractor – or as both. The terms construction operations, contractor and subcontractor have special meanings under CIS and they’re defined in the rules of the scheme. So you’ll need to know when you’re working as a contractor and when you’re working as a subcontractor.
CIS is an additional requirement of self employment accounting if you are a labourer or contractor working for a building company but not an employee of the company concerned. We have a full working knowledge of the CIS scheme and can offer CIS clients a full, efficient and prompt accountancy service for very reasonable fees.
If you would like to discuss any issues concerning the Construction Industry Scheme then contact us today on 01933 233 930.
For All Devices