The construction industry scheme sets out rules for how payments to subcontractors for construction work must be handled by contractors in the industry, taking into account the subcontractor’s tax status.
We take a look at who the scheme affects and how it works. We can also assist with the preparation and submission of the construction industry scheme (CIS) returns for your business.
In addition we also consider the new Domestic Reverse Charge VAT legislation which comes into effect on 1 October 2019. This could have a major cashflow impact on certain construction businesses, so it is important to plan now. Read our article to see whether your business will be affected by these changes.