The Construction Industry Scheme (“CIS”)
The Construction Industry Scheme or CIS as its more commonly known has been around in various shapes and sizes since 1975!!
However, the current CIS has been with us since 2007 and is designed to allow HMRC to receive tax from workers within the construction industry up-front of the end of each tax year.
It is however a heavily regulated scheme and HMRC are constantly looking at both Contractors and Sub-contractors within construction to ensure full compliance with the legislation.