What is the Construction Industry Scheme (CIS)? In this post we look at what the scheme is, whether it applies to you and if you are a contractor or subcontractor.
What is the difference between a contractor and a subcontractor?
must register as a contractor if either:
- you pay subcontractors for construction work
- your business does not do construction work but you have spent more than £3 million on construction in the 12 months since you made your first payment
If you do construction work for a contractor then you will need to register as a subcontractor .
What types of work are covered by the Construction Industry Scheme (CIS) ?
The Construction Industry Scheme (CIS) covers most construction work to buildings, including site preparation, decorating and refurbishment.
For a full list, read our blog post “What types of work are covered by the Construction Industry Scheme (CIS) ?“
What to do if your business is based outside of the UK
The same CIS rules apply if your business is based outside the UK, CIS rules apply if your business is not based in the UK, but you perform construction work as a contractor or subcontractor in the UK.
For more information about registering and paying tax, click here.
What is a CIS Accountant and How Can They Help Me?
A CIS Accountant is a specialized financial professional with a deep understanding of the Construction Industry Scheme and the unique tax challenges it presents.
To find out more, read our detailed blog post on the subject.
Common mistakes when dealing with Construction Industry Scheme (CIS)
As CIS accountants, we help you to navigate the complexities of the Construction Industry Scheme (CIS) on your behalf. We understand the mistakes that can be made when dealing with the HMRC.
In our blog post, we deal with the common mistakes and how to avoid them.
How do I contact HMRC about the Construction Industry Scheme (CIS)?
Depending on whether you are a contractor or subcontractor, you need provide different information when you contact HMRC. In our blog post, we detail the information you need and the various methods of contacting the HRMC about your CIS account.