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The construction industry is full of financial and tax-related responsibilities, especially for contractors and subcontractors operating under the Construction Industry Scheme (CIS). One of the most essential obligations is the submission of a CIS deduction statement. These statements ensure compliance with Her Majesty’s Revenue and Customs (HMRC) while also making…

Managing payroll for your construction agency can be daunting. Fortunately, you can simplify many of these challenges with our construction agency payroll software. This tool will help you automate your processes, reduce errors, and improve efficiency. In this article, you will learn the benefits of Primo Umbrella payroll software specifically…

How does CIS payments work? The Construction Industry Scheme (CIS) is essential for contractors and subcontractors. This scheme mandates that contractors deduct money from subcontractors’ payments and submit it to HMRC. These deductions are advance payments toward the subcontractor’s tax and National Insurance. CIS payments also involve knowing the specific…

How to pay CIS tax is a question that often comes to mind for new contractors and subcontractors. The Construction Industry Scheme (CIS) mandates that contractors deduct money from subcontractor payments and pass it to HMRC. This scheme is designed to improve tax compliance within the construction industry. This also…

What’s PAYE Tax – UK? PAYE (Pay As You Earn) tax in the UK is a system where you deduct your employees’ income tax and National Insurance contributions from their salaries before paying them. This ensures taxes are collected during the UK Tax Year based on earnings and tax codes.…