Explaining the CIS scheme is this weeks I Hate Numbers podcast. Read more to see what is coveredFirstly, what the CIS scheme coversSecondly, what a contractor or subcontractor isThirdly, requirements are in terms of reporting, in terms of registration,Fourthly, how tax should be correctly dealt with under the CIS schemeThe UK Construction Industry Scheme (CIS) is a big and vibrant sector. Currently there are over 3.1 million people who work in that sector. And that represents 9% of the UK working population. The Construction Industry Scheme (CIS) was introduced in 1971 to combat serious tax evasion in the industry. Moreover, The CIS scheme has rules as to how contractors should make payments to sub-contractors.ConclusionKnowing and Explaining the CIS scheme is a need to know. Moreover, if you are a contractor, subcontractor, you need to know what goes on to avoid problems.For more business and finance, news, advice and tips, don’t forget to subscribe and watch our weekly videos on I Hate Numbers, listen to our weekly podcast I Hate Numbers.My podcast will helpListen to find out more.Furthermore, my mission is to inform, inspire and educate you to get closer to your numbers.You can make more profits, save tax and time, improve your well-being and your money mindset.Help me to help you and others by subscribing and sharing this episode in your network. Listen now and subscribe to I Hate Numbers, so I can send it straight to your inbox every week with all the latest updates.If you found this podcast useful then share this episode on social, leave a review on Apple podcast . Connect with me on Instagram, YouTube, Twitter, LinkedIn and Facebook,

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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