Working as a CIS Subcontractor
The Construction Industry Scheme (CIS), a scheme overseen by HMRC, creates and governs the rules for how subcontractors performing construction work should be paid by their contractors.
Though the scheme was developed with mainstream contractors and subcontractors in mind, it’s since been adopted by large companies and organisations spending a significant annual sum on construction costs that can, therefore, also be deemed to be contractors.
If you’re working as a subcontractor in the construction industry, and you believe there’s a chance you may be deemed as such under CIS, HMRC have produced a simple guide to instantly determine your status.
If you do fall under CIS, speak with your accountant to determine whether you should…
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