K1 Construction Industry Scheme CIS

Many contractors involved in the construction industry will come across the Construction Industry Scheme - CIS. This scheme has its own rules & regulations when it comes to HMRC and paying tax.

An umbrella company that specialises in CIS is ideal for the contractor who wants to off-load as much administration & paperwork as possible. If you're a construction worker find out how the services of an umbrella company can help you have a stress-free contracting life.

It's a Tax Thing

The Construction Industry Scheme (CIS) is simply a tax system for anyone in conventional construction work. CIS is the tax man's rules that govern what tax is owed when contractors pay subcontractors.

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Any construction business or subcontractor needs to be registered as CIS for tax purposes.

Tax Made Simple - Really!

Some sub-contractors have hired accountants to help with the paperwork & tax but the umbrella company service does everything for you, including to offer advice on completing your self-assessment.

Often the self-assessment will lead to a tax rebate - so complete the return as soon as possible!

The umbrella company service is there to do all the admin & paperwork - so you can get on with your job knowing all the red-tape is dealt with.

Why not spend a few minutes looking into the umbrella company option?

Additional information:

• 60 Second Guide to the Construction Industry Scheme CIS
• Can CIS Contractors be Paid Without Tax Deducted
• CIS Glossary of Terms
• Construction Industry Scheme CIS Employment Status FAQs
• Getting paid and paying tax under CIS
• Quick Guide to the Construction Industry Scheme CIS
• Situations When CIS Does Not Apply
• What is a CIS Contract
• What is a CIS subcontractor
• What is the Construction Industry Scheme
• When are You a Subcontractor under CIS