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HMRC’s Spotlight 71 is a clear warning to contractors and CIS businesses about the risks of non-compliant umbrella company arrangements. This article explains what the guidance means, the red flags to watch for, and how to avoid costly tax penalties.
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Contractors often ask about paying subcontractors directly. While there are advantages, risks exist, so ensure compliance and HMRC protection.
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A CIS statement is a document that all contractors must provide to subcontractors under the Construction Industry Scheme.
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Navigating the Construction Industry Scheme and understanding CIS Payroll is crucial for every company in the construction industry.
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