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Understanding the Construction Industry Scheme (CIS)
Business
The Construction Industry Scheme (CIS) governs the payment procedures between construction contractors, subcontractors and employees in the UK. This course outlines the key considerations in ensuring compliance with the scheme. You will learn about the tax requirements, registration and verification process for subcontractors as required by HMRC. By maintaining records in line with the CIS, you can get exemptions on VAT and other deductions.
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Understanding the Construction Industry Scheme (CIS)
This free course explains how contractors in the UK have to make deductions from payments for subcontractors’ tax.
The Construction Industry Scheme (CIS) governs the payment procedures between construction contractors, subcontractors and employees in the UK. This course outlines the key considerations in ensuring compliance with the scheme. You will learn about the tax requirements, registration and verification process for subcontractors as required by HMRC. By maintaining records in line with the CIS, you can get exemptions on VAT and other deductions.
Course description
Course module
A short ad will play before each lesson.
6 Lessons
An Overview of the Construction Industry Scheme (CIS)
This module introduces you to the Construction Industry Scheme(CIS), its fundamental elements, and its implications within the construction sector. The lessons hand-walk you through what CIS entails, its coverage concerning contractors and subcontractors, contractor registration and the verification process to enhance your understanding of the CIS.
1.Learning Outcomes
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2.What is the Construction Industry Scheme (CIS)
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3.Coverage of the Construction Industry Scheme (CIS)
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4.Contractors and Registration
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5.Verification Process
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6.Lesson Summary
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5 Lessons
Returns and Record Keeping
1 Lessons
Course assessment
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