Tax works a bit differently for those working in construction than it does for other businesses.
The main thing you need to be aware of and abide by is the Construction Industry Scheme (CIS). This is a specialist tax scheme for contractors and subcontractors working or hiring in construction.
To become CIS-compliant, you will need to submit regular CIS returns on time. The penalties are too high for missing or late submissions so it’s really important to get your tax sorted.
Unsure about CIS returns? Never submitted a tax return before?
Whether you’re new to this or simply want to avoid the hassle of CIS tax returns, there is help at hand.
The best way to ensure that you’re meeting all your liabilities is by hiring a qualified accountant who can sort everything out for you.
