An Easy Guide to the HMRC Construction Industry Scheme
The HMRC Construction Industry Scheme (CIS) determines how: Subcontractors in the construction industry should be paid Construction workers should invoice and account for value-added tax (VAT) Contractors either deduct then transfer: 20% of a registered subcontractor’s payment to HMRC 30% of an unregistered subcontractor’s payment to HMRC How does the Construction Industry Scheme work? If …
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