CIS (Construction Industry Scheme)
The CIS Scheme is a system for HMRC to collect tax from independent construction workers. It allows construction workers the ability to pay the right amount of tax under a stable and secure payroll system. CIS also helps to ensure you don’t pay more tax than you should and gives you an easy and efficient method of receiving a rebate on any overpaid taxes.
All construction work carried out in the UK is covered by CIS, this could be your end client who hires you for a construction job and it can be you as an individual as well. Many construction workers prefer to set up and run their own CIS-registered limited company. Kube Accounts can help you set up your own CIS registered limited company and we can also assist workers would prefer to keep their sole trader status.