Cis Guide

If you are a contractor in the construction industry, this is an essential guide for you. The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry. In this guide we’ll talk about:

• The important distinction between contractors and subcontractors
• Deciding whether to receive gross or net payments
• Verifying subcontractors
• Deduction statements and monthly returns
• How to make payments