Construction Industry Scheme Articles

Construction Industry Scheme responsibilities

What is the Construction Industry Scheme? The Construction Industry Scheme (CIS) supports the UK construction sector. It helps manage payments between contractors and subcontractors effectively. Under this scheme, contractors deduct a portion of payments made to subcontractors. They then send these funds directly to HMRC. Essentially, these deductions act as advance payments towards the...

Construction Industry Scheme: tackling fraud

Why the government is focusing on fraud  Tackling fraud in the Construction Industry Scheme (CIS) featured prominently in the recent Budget. The Government aims to strengthen the CIS by allowing faster intervention where officials suspect fraudulent activity. Therefore, the changes will help protect revenue and support compliant businesses. At the same time, the measures will simplify several...

Construction Industry Scheme changes

Qualifying Construction industry scheme changes confirmed in the Budget The government has announced significant construction industry scheme changes as part of the recent Budget measures. These updates aim to strengthen compliance and simplify processes for contractors and subcontractors.   Fraud prevention and Gross Payment Status From 6 April 2026, HMRC will gain new powers to act...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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