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CIS Subcontractors: A guide to allowable expenses

As a subcontractor, the easiest figure to calculate for your tax return is probably your income: it’s the sum of the monthly CIS statements you have received throughout the year from your contractors. But what about the expenses? You may well have read or heard conflicting advice as to what you can and can’t claim …

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An Introduction to the Contruction Industry Scheme for Contractors

The Construction Industry Scheme (CIS) sets out the rules on how payments from contractors to subcontractors for construction work should be handled. The scheme was formed by HM Revenue & Customs (HMRC) and was implemented in order to minimise tax evasion in the construction industry. CIS rules that all payments made to subcontractors by contractors …

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