Tag: Tax Return

What is CIS tax?

At this time of year, you may overhear other workers on a construction site talking about doing their tax return. This is because they are taxed under a scheme called CIS. But what is CIS tax? And should you be paying it? CIS = Construction Industry Scheme The Construction Industry Scheme (CIS) is a tax…

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Need cash for Christmas? Avoid payday loans!

Christmas is an expensive time. We all want to treat ourselves and our families for our hard work as the year comes to an end. If you are hosting family or friends at Christmas, food and drink can also add significantly to your festive bill. We all experience a greater expense at this time of…

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When is the self-assessment deadline?

All tradesmen who subcontract on a construction site of any kind will most likely be registered on the Construction Industry Scheme (CIS). This scheme allows the government to take tax from your monthly wages from your main contractor. Unlike most self-employed people you will be paying tax as you go but you will still be…

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