Understanding the Construction Industry Scheme (CIS)
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The Construction Industry Scheme (CIS) is a crucial tax system for the UK construction industry, ensuring subcontractors pay the right amount of tax. CIS applies to a broad range of construction work carried out in the UK; however, it is important to confirm whether specific activities fall under the scheme.
Whether you’re a contractor or subcontractor, understanding your responsibilities according to the scheme is essential for compliance and smooth cash flow management.