CIS Reporting and Record-Keeping: The Key to Compliance and Success When it comes to the construction industry, there’s no room for shortcuts or guesswork. The Construction Industry Scheme (CIS) is a vital component of this sector, and understanding its reporting and record-keeping requirements is crucial for both businesses and subcontractors. At BNA Consulting, we recognize […]
An Overview of the CIS Scheme and Its Impact on Small Businesses The Construction Industry Scheme (CIS) is a tax deduction scheme introduced by the UK government to regulate tax payments within the construction industry. Implemented in 1971, the CIS aims to tackle tax evasion and ensure proper tax compliance among construction contractors and subcontractors. […]