Construction Industry Scheme (CIS) | Scope and Exemptions
CIS exemptions apply to commercial tenants under specific circumstances. Learn more about how tenants can be exempted, how they apply for it, and the benefits once the exemption is granted.
CIS exemptions apply to commercial tenants under specific circumstances. Learn more about how tenants can be exempted, how they apply for it, and the benefits once the exemption is granted.
CIS registration for contractors and subcontractors differ slightly. CIS helpline, HMRC’s digital assistants, or certified accountants can greatly help in the process.
Contractors are legally required to provide their subcontractors with CIS payment and deduction statements every 19th of the month.
In this article, several facets of CIS will be discussed ranging from determining one’s qualification for being excluded in the scheme to joining it; looking into the CIS requirements and carrying them out in their business.
CIS invoice templates ensure that construction workers comply with the Construction Industry Scheme tax requirements in their invoicing. This article tackles all about CIS invoice
Through CIS repayment claim, subcontractors can take back their overpaid taxes and National Insurance contributions. Find out more about this in this comprehensive guide.
VAT Notice 708 applies a reduced 5 per cent rate or zero rates to qualifying construction services and materials instead of the standard 20 per cent VAT rate. Find out how this works.
CIS penalties are enforced on workers under the scheme to mitigate violations and tax fraudulence in the construction industry. Find out more about it in this article.
A mortgage construct specifically catering to self-employed individuals in CIS, informally called CIS mortgages, allows the latter to present fewer bank statements and gross income for affordability assessment.
Our Experts
Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.
Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.
Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.
The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
Dividends are distributed to directors or shareholders after a company settles business expenses and tax liabilities (corporation tax & VAT).
Dividends are distributed to directors or shareholders after a company settles business expenses and tax liabilities (corporation tax & VAT).
Dividends are distributed to directors or shareholders after a company settles business expenses and tax liabilities (corporation tax & VAT).
Dividends are distributed to directors or shareholders after a company settles business expenses and tax liabilities (corporation tax & VAT).
Dividends are distributed to directors or shareholders after a company settles business expenses and tax liabilities (corporation tax & VAT).
LET’S DO BUSINESS
The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
[ninja_form id=’38’]
We provide services to our clients based on the principle of honesty, sound knowledge, reliability, and integrity, assuring the best quality and relevant advisory to our clients’ individual and business tax needs.
Monday to Friday:
9:00AM – 6:00PM
Saturday & Sunday:
9:00AM – 6:00PM (Calls Only)
Citygate House,
246-250 Romford Road,
London, E7 9HZ
Our Locations: Stratford, London ● Hounslow, London ● Milton Keynes ● Manchester ● Glasgow ● Bolton
© Legend Financial and Tax Advisers Limited is registered in England and Wales, Registration number: 08103572