What is the Construction Industry Scheme ?
The Construction Industry Scheme (“CIS”) is a UK tax regime applicable to payments made by contractors (or deemed contractors) to individual subcontractors for services falling within the definition of “construction operations”. There are many trades and disciplines that are considered to be construction operations for the purposes of CIS. Some examples include:
- site preparation
- general construction – bricklaying, roofing, plastering and so on
- alterations and extensions
- plant operation
- repairs and refurbishment
- dismantling work
Note that organisations which do not generally do business in the construction industry, but which have a high annual spend on construction, may well be within the scope of CIS.
For more guidance on CIS, feel free to call The Guild on 020 8515 2975.