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CIS – what is it, what for and what to do with it?

CIS – what is it, what for and what to do with it?

Nov 22, 2020 | Construction Industry Scheme (CIS), Payroll, Self Employment in UK, Uncategorised

CIS (Construction Industry Scheme) is a tax deducted by the contractor from the subcontractor’s salary and transferred to HMRC. In other words, it is a tax that must be declared during self-assessment tax return and usually the overpaid amount is refunded....
You should use the services of qualified accountant!

You should use the services of qualified accountant!

Oct 20, 2020 | Construction Industry Scheme (CIS), Limited Companies, Payroll, Self Employment in UK, VAT Returns

In England most of self-employed people or directors of Ltd companies using advice and services of the accountant. Do you know that one does not have to have relevant qualifications to call themselves accountant or that you, as a client, are responsible for the...

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