Explaining the CIS scheme is this weeks I Hate Numbers podcast.  Read more to see what is covered

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.

Conclusion

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.

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