Construction Industry Scheme
Under the CIS scheme most businesses working in the construction industry will receive payments from contractors with tax deducted at source. Similarly, if you make payments to sub-contractors you should deduct tax from them and pay this to HM Revenue & Customs every month. You will also be required to submit monthly returns online and there are severe penalties if you miss the deadlines. We can help you comply with these requirements and ensure that you reclaim any tax due to you.