Guest Blog: Construction Industry Scheme Guide
CIS – What Is it?
Construction activities are a core business activity within the UK SME business sector, and have been for generations.
In 2007, HMRC introduced the Construction Industry Scheme (CIS) for how payments to subcontractors for construction work must be handled by contractors in the construction industry. Where contractors make payments to subcontractors they must take the subcontractor’s tax status into account. In practice this means th