Explaining the CIS scheme is this weeks I Hate Numbers podcast. Read more to see what is covered
- Firstly, what the CIS scheme covers
- Secondly, what a contractor or subcontractor is
- Thirdly, requirements are in terms of reporting, in terms of registration,
- Fourthly, how tax should be correctly dealt with under the CIS scheme
The UK Construction Industry Scheme (CIS) is a big and vibrant sector. Currently there are over 3.1 million people who work in that sector. And that represents 9% of the UK working population. The Construction Industry Scheme (CIS) was introduced in 1971 to combat serious tax evasion in the industry. Moreover, The CIS scheme has rules as to how contractors should make payments to sub-contractors.
Knowing and Explaining the CIS scheme is a need to know. Moreover, if you are a contractor, subcontractor, you need to know what goes on to avoid problems.
My podcast will help
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Furthermore, my mission is to inform, inspire and educate you to get closer to your numbers.
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