Under the Construction Industry Scheme, contractors must deduct money from a subcontractor’s payments and give it to HMRC, who counts it as advanced payments towards the subcontractor’s tax and National Insurance.
Contractors must register for the scheme; subcontractors don’t have to register, but deductions are taken from their payments at a higher rate if they’re not registered.
As usual, there are personal criteria for registering for the Scheme as well as criteria for how construction work is defined, as well as exceptions for workers in the Construction industry based on type of work and location.
We can give your business a free CIS Health Check to check everything is in order.
Swipe for our Services
Corporate Tax
With the help of our experts, your business can stay tax compliant and, more importantly, tax efficient.
.png)
Accounts & Audit
We will help you fulfil your legal responsibilities and save you time and work in preparing your accounts.
.png)
Business Services
Administration takes time, and it takes you away from running your business. Take a look at the ways we can help you.
Private Client Services
A personal service tailored to your needs as an individual, whether you are looking for ongoing financial help and advice about tax savings or have a one-off query.
.png)
Strategic Planning
Think of us as a partner in your business, helping you turn your ambitions into reality.
Corporate Recovery
At BV Corporate Recovery & Insolvency Services Ltd, we understand that businesses can face significant financial challenges that demand expert intervention, practical solutions and tailored advice.
.png)