WebOct 26, 2024 · As a subcontractor, you have a unique set of insurance challenges and requirements that workers in no other industry faces. You need a flexible insurance broker on your side who can accommodate the strict requirements that you might have from your general contractors or project owners. Because unlike most businesses, your insurance … WebFirst you’ll need to register for CIS as a subcontractor. Registering is optional but affects the amount that is deducted. If you register under CIS you’ll get 80% of the amount of your invoices for your work - along with the full amounts invoiced for expenses like materials or tool hire. If you don’t register you’ll get 70%.
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About Registered Specialist Trade Contractors Scheme
WebDec 18, 2024 · Subcontractor Stuart is hired by Contractor Colin for building work that costs £3000 + £600 VAT. This work is a business-to-business (builder-to-builder) supply so it falls under the reverse charge rule (more on these rules shortly). ... You’ll also need to ensure that all VAT and CIS registered subcontractors are aware of the VAT domestic ... Webregistered subcontractors and notices of suspension/revocation of registration. 10. Further enquiries may be directed to the CIC Secretariat at the following address – Room 2001, 20/F, Alliance Building 133 Connaught Road Central Sheung Wan, Hong Kong Tel. no.: 2100 9400 Fax no.: 2100 9490 E-mail: [email protected] CIC Secretariat July 2024 WebI accept Registered Specialist Trade Contractors / Registered Subcontractors … I accept Registered Specialist Trade Contracors / Registered Subcontractors … hi express stafford