Q&As

If a contractor is the parent company of a potential sub-contractor is it required to withhold tax under the construction industry scheme (CIS)?

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Published on LexisPSL on 08/11/2017

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • If a contractor is the parent company of a potential sub-contractor is it required to withhold tax under the construction industry scheme (CIS)?

The construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of contractors in the construction industry failing to declare their chargeability to tax.

The CIS applies to contractors and sub-contractors. Contractors are under an obligation to deduct amounts in respect of tax from certain con

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