Cis gaming meaning2/7/2024 The Construction Industry Scheme requires contractors to deduct tax at source from the payments made to self-employed companies or subcontractors for their construction services.Ĭontractors must pay the tax deducted to the HMRC by the 22nd of every month in accordance with the subcontractor's tax status - that is, 20% of the gross payment for registered subcontractors and 30% for non-registered subcontractors. ![]() What is the Construction Industry (CIS) Scheme? In this guide, we explain the Construction Industry Scheme and answer frequently asked questions about its implementation and benefits for the construction sector. ![]() The Construction Industry Scheme (CIS) aims to streamline taxation resulting from the working relationship between contractors and subcontractors.īy having a clear understanding of CIS tax deductions, you can save yourself penalties worth £100-£3000 due to non-compliance.
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