The construction industry holds the dubious honour of being the only sector of industry to have its own tax regime – the Construction Industry Scheme, or CIS as it is commonly known. The CIS exists for one simple reason – HMRC believe the industry is a constant source of lost or unpaid taxation, and the regulations exist to force the industry to honour its tax obligations.
What is the Construction Industry Scheme (CIS)?
Article by: EEBS Team
