HMRC have created a video to provide advice to Construction Industry Scheme (CIS) subcontractors.
The video runs for just over a minute and briefly explains why contractors must provide accurate material costs and encourages contractors to send the correct details when they submit an invoice. It also encourages sub-contractors to keep records of materials they have paid for and used. Remember, HMRC can query the cost of the materials if they don’t think they are correct.
You can find the video on YouTube here and further written information on what you must do as a CIS Subcontractor can be found on the government website here.
