How To Pay CIS Tax Online? | A Comprehensive Guide

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2024-07-13 06:03:03 - Translate -

https://www.mytaxaccountant.co.uk/post/pay-cis-tax-online

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Understanding the Construction Industry Scheme (CIS)The Construction Industry Scheme (CIS) is a critical framework for tax deduction in the construction sector in the UK. Under CIS, contractors must deduct money from subcontractor payments and pass it to HM Revenue and Customs (HMRC). This tax withholding primarily covers subcontractors' National Insurance and tax contributions. Both contractors and subcontractors must register for the scheme if the work includes various construction activities,

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