If you’re a contractor hiring a subcontractor, then you may have to register for the Construction Industry Scheme to contribute towards taxes. What is the Construction Industry Scheme (CIS)? The Construction Industry Scheme (CIS) is designed to prevent self-employed subcontractors from avoiding paying tax. Under CIS, contractors deduct income tax directly from subcontractor payments and […]
The post Construction Industry Scheme (CIS) For Hiring Contractors appeared first on IRIS KashFlow.