CIS - Construction Industry Scheme
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If you operate as a corporation, partnership, or are a self-employed professional in the construction or building sector, you might be obligated to pay taxes through the Construction Industry Scheme (CIS).
The CIS is a tax withholding system that pertains to payments made by contractors to subcontractors (not to employees, as they are subject to PAYE). Contractors deduct a portion of a subcontractor’s earnings and remit it to HMRC.
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