The Construction Industry Scheme (CIS) is when contractors deduct money from a sub-contractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments towards the sub-contractor’s tax and National Insurance. One counts as a contractor and is eligible to this when you pay sub-contractors for construction work or your business doesn’t do construction work but you spend an average of more than £1 million a year on construction in any three-year period.
The type of work covered by the CIS are construction work to, a permanent or temporary building and civil engineering, like work on roads and bridges. For the purpose of CIS, construction work includes: preparing the site, demolition, building work, repairs, decorating, installation of systems like heating, lighting, power and cleaning the inside of buildings post-construction work.
For assistance and help with the CIS, contact our services team on (0191) 420 0550 or fill in the short form below and one of our tax advisors will call you straight back.
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