Construction industry scheme (CIS) and VAT

Few sectors have such an impact in the UK as the construction industry. It not only provides the fabric of our nation – the places where we live and work – but also underpins our entire economy.

For those working in the sector, staying on top of the reporting requirements can be challenging, not least through the complying with the demands of the Construction Industry Scheme (CIS).

The scheme sets out rules for how payments to subcontractors for construction work must be handled by contractors in the industry, taking into account the subcontractor’s tax status.

This overview guides you through the key aspects of the scheme, as well as updates around the important planned changes around VAT that come into effect from 1st October 2020.

If you would like more information about the CIS or the possible impact of the new VAT regulations please contact your local office, or existing client relationship manager today.

Download our free guide to the Construction Industry Scheme (Information correct as of July 2019)

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