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Emilie
Emilie Posts: 37 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi i have applied for a job and have an interview on Tuesday. does anyone know what reconciliation of CIS returns.

Thanks,

Emilie

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  • Terdoo
    Terdoo Posts: 144 Dedicated contributor 🦉
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    Re CIS

    CIS Means Construction industrial scheme, CIS have a lot of meaning
  • Emilie
    Emilie Posts: 37 Regular contributor ⭐
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    Thank you
  • sheemary
    sheemary Posts: 12 New contributor 🐸
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    Cis

    Under the construction industry you can stop tax@ 20% or 30% or 0% for labour involved depending on what the HMRC says, so i am sure it is reconsiliation of that.

    Hope it helps
  • A-Vic
    A-Vic Posts: 6,868 Beyond epic contributor 🧙‍♂️
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    contrators have to file monthly returns and pay the tax deducted via Yellow PAYE Book or Directly taken from the bank, This deduction is then show as paid at source on the subcontrators personal tax returns.
  • Terdoo
    Terdoo Posts: 144 Dedicated contributor 🦉
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    Re job inteviewed

    Hi Emilie,

    Did you get the job?
  • Emilie
    Emilie Posts: 37 Regular contributor ⭐
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    The company were not financially stable enough and did not accept. Still looking at the minute but there is not alot about.
  • snowmarauder
    snowmarauder Posts: 98 Regular contributor ⭐
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    Do you still need info on construction industry scheme. x
  • Emilie
    Emilie Posts: 37 Regular contributor ⭐
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    No i turned the job down as it was not finacially stable.

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