CIS

This calculator will calculate the CIS tax deductions. An easy to use calculator that includes tips to ensure you deduct the correct CIS tax. Contractors can use this CIS tax deduction calculator to work out the correct deductions to make. […]

With gross payment status there are no deductions made by contractors. This improves cash-flow, business reputation and paperwork! Not all businesses can qualify for gross payment status. To qualify you need to pass a turnover test and other criteria set

How do you register as a subcontractor? We explain the process for all business types including Companies, Partnerships and Soletraders. Subcontractor registration is voluntary. Businesses pay a lower CIS tax rate if they register, therefore registration is advised. We will

We explain how you can register your business as a contractor for CIS. When do you need to register as a contractor with HMRC? Many businesses find the construction industry particularly confusing. One such area is that of who is

Are your workers an employee or a subcontractor? Contractors can face large tax bills if the employment status is incorrect. In the current evolving gig economy the jobs completed by an employee and a subcontractor can be very similar. The

Contractors and subcontractors are different. You will have heard of both business types but how are they different? Many businesses operate as both contractors and subcontractors. We will explain what the difference is between both business types and how they

There are 3 different types of CIS tax rates applicable. We explain the different Construction Industry tax rates of 30%, 20% and 0%. CIS is not an additional tax. Any deductions suffered, whether they be 30% or 20% can be

We explain what CIS tax is, what construction work is covered by the scheme and how it affects both contractors and subcontractors. Many businesses think that CIS tax is an additional tax. We will show how this assumption is incorrect.

HMRC have announced today, 6th September 2019 that there will be a delay in VAT Reverse Charge implementation. This will come as a welcome relief for most Construction Industry businesses, as many were unaware of the major changes. The delay