How to approach Construction Industry Scheme

The CIS is basically a Construction Industry Scheme that applies to the construction as well as construction-related jobs including the decoration, renovation and repairs, demolition and alterations. This particular scheme is a pay-as-you-go approach to tax as well as national insurance. The general PAYE rules are easy to understand but when it comes to the CIS the PAYE rules are quite complicated. Here there is a major difference of tax rules for the contractors, the registered sub-contractors and the [...]

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