CIS

Under the CIS, contractors must deduct money from payments to subcontractors and pass it to HMRC. The payments count as payment to wards the subcontractors tax and national insurance.
Contractors include property developers and builders.
A Subcontractor is a person receiving payment under a construction contract and who either: carries out the work, provides staff to perform the work or who subcontracts the work to another party.
The CIS rules and regulations can be complex for both the contractors or subcontracors but HMRC expects full compliance.
Talk to our CIS specialists for support with your CIS accounting.
Contact our specialists using our contact form or call 01582 761121.