How to Calculate CIS Tax Return?

How to Calculate CIS Tax Return?

Under the construction industry system (CIS), contractors deduct money from subcontractor payments and remit it to HMRC. The deductions are regarded as advance payments toward the subcontractor’s tax and social security contributions. Contractors must register with the system, although subcontractors are not obligated to do so. Even if they don’t register, their payments are deducted […]

Translate »