Real Estate | Construction Industry Scheme
HMRC's Construction Industry Scheme (CIS) has a significant impact on both contractors and subcontractors. With the consequences for incorrect operation of the CIS regime ranging from financial penalties to those with more significant implications, it is imperative that all businesses affected are aware of their responsibilities in this area. The issue surrounding whether subcontractors are taken on as employed or self-employed is also key, with pitfalls for those who are incorrectly classified.
We have CIS specialists who have worked on both CIS and employed vs self-employed issues with contractors ranging from small owner-managed businesses with only a small workforce, to quoted PLCs. During their work they have gained the necessary technical and practical skills to be able to advise you on the correct course of action.