The Construction Industry Scheme (CIS) applies to people involved in mainstream construction work and was introduced by HMRC to facilitate tax payments by self-employed construction workers. As a self-employed contractor, all business expenses can be offset against taxes which are deducted by your contracting company at source, before you receive payment.
The first stage of registering under the CIS scheme if you haven’t already is to register as self empoloyed with HMRC, and then for CIS status. You’ll receive a Unique Tax Reference Number, and we will need this in order that we can confirm the kind of taxes that need to be deducted from your income.
We can help you with your National Insurance payments, and at the end of the tax year, we can complete a self-assessment tax return with you which may well lead a rebate.