What Is Construction Industry Scheme? How Does It Work?

Submitted by callaccountant | November 1, 2021, 06:52:53 | Business

CIS – Construction Industry Scheme is a tax collection system whereby main contractors, and other organizations undertaking a significant amount of construction work, must deduct income tax from payments to subcontractors, and account for that tax to HMRC as payments on account.

Source: https://www.callaccountant.co.uk/blog/construction-industry-scheme-explained/

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