Tackling the Construction Industry Scheme with Sage Accounting
A guide for small businesses
The Construction Industry Scheme (CIS) is a long-running government initiative that applies to the construction industry.
The CIS ensures the correct and prompt payment of tax and National Insurance (NI) for work done by subcontractors. It does this by making the contractor collect and pay to HMRC both tax and NI for the work undertaken by any subcontractor they use (not including materials or VAT; effectively the CIS only applies to labour).
Download this guide now and learn about the Construction Industry Scheme and your legal responsibilities, and find out about the new VAT reverse charge for construction.