Whether you’re a contractor, subcontractor or a business that spends on construction, then the Construction Industry Scheme may apply to you.
The scheme’s rules could affect how your tax and national insurance contributions are handled. It is a highly complicated area and difficult to ensure you’re compliant and your CIS procedures are up to date. It’s very important to get it right and avoid costly penalties.
At Essendon Accounts & Tax, we can prepare your CIS returns for you and verify your sub-contractors to see which rate they should deduct then help you to build a better understanding of the Construction Industry Scheme.