FAQ's
The Construction Industry Scheme is a special tax regime administered by HM Revenue and Customs which is designed specifically to tax payments to made to sub-contractors within the construction industry. A benefit of being paid under the CIS scheme is that you can have tax deducted from the payments you receive on account of your tax liabilities due at the end of the financial year. You may also be entitled to claim tax relief on qualifying expenses incurred in undertaking your duties.
No, because these types of payments are for employees only. By registering with Rosewood Tradesmen Ltd. you are confirming that you are genuinely self-employed which means you will not have entitlement to these types of payment.
As a self-employed person you are working for yourself, however as your work is within construction then you will be working for Rosewood Tradesmen Ltd. as a genuine Sub-contractor. Rosewood Tradesmen Ltd. will be engaged by a client for the provision of construction services and you will be engaged by Rosewood Tradesmen Ltd. to provide those services as a skilled Sub-contractor.