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Ciudad Real

Whilst the construction industry scheme (CIS) is generally associated with businesses whose primary trade is construction, a significant number of non-construction businesses in the UK have to be registered and operate the scheme each year by virtue of their spend on construction operations. These businesses are referred to as deemed contractors.


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This article summarises what CIS contractors or subcontractors should consider ahead of the proposed change coming into force on 6 April 2024. The current position Under the CIS, contractors and deemed contractors must withhold deductions at either 20 percent (the standard rate) or 30 percent (if the recipient is not registered for CIS or cannot be verified) from payments made to.


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The Construction Industry Scheme (CIS) requires contractors to make tax deductions on behalf of their subcontractors. These deductions count towards the subcontractors' tax and National Insurance, spreading the payments out over time instead of one lump sum at the end of the tax year.


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Policy objective. These changes are designed to tackle abuse of the CIS rules, making sure HMRC can act quickly where the rules are being broken and so level the playing field for all those.


Cis Adar presenta su disco Familia en Ciudad Real

Introduction to the Construction Industry Scheme ( CIS) This section gives a brief introduction to CIS. The scheme sets out the rules for how payments to subcontractors for construction work.


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Find forms and guidance used in the Construction Industry Scheme (CIS). From: HM Revenue & Customs Published 21 November 2014. Get emails about this page. Contents Authorisation of disclosure;


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The CIS is a HMRC scheme which applies if you work for a contractor in the construction industry but not as an employee, so for example as a self-employed individual. The CIS rules mean that the contractor is usually obliged to withhold tax from its payments to you, at either 20% if you are 'registered' or 30% if you are not.


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a permanent or temporary building or structure civil engineering work like roads and bridges For the purpose of CIS, construction work includes: preparing the site - for example, laying.


CIS Agro

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