by Pi Accountancy | May 26, 2026 | Advisory and Resources, CIS, Regulations and Schemes, Self-Employment and SMEs
The Construction Industry Scheme (CIS) is a tax scheme that applies to most construction work. Under CIS, contractors deduct tax from payments they make to their subcontractors. The contractor then reports these deductions and pays them to HMRC each month. These...
by Pi Accountancy | May 26, 2026 | Advisory and Resources, CIS, Regulations and Schemes, Self-Employment and SMEs
The Construction Industry Scheme (CIS) is a tax scheme that applies to most construction work. For contractors under CIS, they must deduct tax from subcontractor payments and then pay the deductions to HMRC each month. These deductions act as advance payments towards...
by Pi Accountancy | Apr 8, 2025 | CIS
A CIS tax refund is the money HMRC returns to subcontractors who have overpaid their tax through the Construction Industry Scheme. If you are registered under CIS, contractors deduct 20% from your payments. If you are not registered, they deduct 30%. These deductions...
by Pi Accountancy | Aug 1, 2024 | Advisory and Resources, CIS, Regulations and Schemes, Self-Employment and SMEs
Contractors under the Construction Industry Scheme (CIS), must deduct tax from payments made to subcontractors. CIS Statements are the actual documents which detail how much the contractor paid and deducted. Additionally, each statement covers one tax month and...
by Pi Accountancy | May 30, 2024 | CIS, Frequently Asked Questions
The Construction Industry Scheme, or CIS for short, is a tax deduction system which ensures that contractors correctly handle tax payments for subcontractors. The scheme help regulate tax compliance and prevent tax evasion by requiring tax deductions at the source....
by Pi Accountancy | Feb 3, 2022 | CIS
Retentions are common across the construction industry and, unfortunately, quite hard to avoid. Knowing how to manage retentions properly, especially with the Construction Industry Scheme (CIS), could make a big difference to cash flow and tax obligations. What are...
