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Understanding the Construction Industry Scheme (CIS)

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Let’s kick off by exploring the Construction Industry Scheme (CIS), a vital aspect of the UK construction industry. This scheme, designed by the UK government, plays a crucial role in how money flows between contractors and subcontractors in the construction industry. What is the Construction Industry Scheme (CIS)? The  Construction Industry Scheme , commonly known as CIS, is a taxation framework implemented by the UK government. It is specifically designed for contractors and subcontractors operating in the construction industry. The scheme aims to regulate payments between contractors and subcontractors, ensuring tax compliance and transparency in financial transactions. Work Covered by CIS: The scope of work covered by the Construction Industry Scheme is expansive, encompassing various construction-related activities. This includes, but is not limited to: Construction, alteration, repair, and demolition of buildings or structures. Installation of heating, lighting, power, water, and