Why Silver Throne?
Any plan to provide you with comprehensive advice on your finances requires the skills of several different professionals. We work closely with several professional service disciplines but recognise the need to have an almost symbiotic relationship with your financial planning. As there is plenty of overlap between tax and financial planning
Main Key Features
Work covered by CIS
CIS covers most construction work to:
a permanent or temporary building or structure civil engineering work like roads and bridges For the purpose of CIS, construction work includes:
- preparing the site – for example, laying foundations and providing access works demolition and dismantling
- building work alterations, repairs and decorating
- installing systems for heating, lighting, power, water and ventilation
- cleaning the inside of buildings after construction work
Scope
You should only pay tax under the Construction Industry Scheme (CIS) if you are genuinely self-employed.
Not everyone who works in the construction industry is self-employed. Contractors have an obligation to decide if their workers are employed or self-employed.
Whilst most contractors would no doubt prefer to take on workers on a self-employed basis (as this means less cost/fewer responsibilities/paperwork etc for them), self-employment is a question of fact, not choice.
