Tax collection scheme specifically aimed at sub contractors working in the UK construction industry.
If you are self employed or the owner of a company and work for a contractor you must register for the scheme (CIS).
Under CIS, the contractor must deduct 20% from your payments and pass it to HM Revenue and Customs and these deductions count as advance payments towards your tax and National Insurance bill.
If you don’t register with the scheme, contractors must deduct 30% from your payments instead.
CIS Registration Help? Call GPG on 01296 613355