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The primary reason for its creation by the government was to reduce tax avoidance and tax evasion, which has been quite prevalent within the construction industry.
The scheme works by enabling contractors to deduct money from a subcontractor’s payment to be sent straight to HM Revenue and Customers (HMRC).
Another important point to remember is that all self-employed contractors must have public liability insurance, which you will be required to send us a copy of. It is advised to arrange personal accident insurance too. If you have any questions regarding this information, or you just need some advice, our friendly team is here to deal with any queries you have between 9.00 a.m.
For most subcontractors registered for CIS, they have no income tax to pay at the end of the year, as it’s already been paid.
They may even qualify for a tax rebate after claiming expenses back from tax they’ve already paid.
We were highly involved in working with lawyers-consultants, who specialize in the field of labor law.
Manpower legal team helped us effectively resolve a number of issues, successfully represented our interests in court and showed professional work with tireless efforts.
You must pay any tax due once they have processed your tax return.