The UK Construction Industry Scheme is a contractor and subcontractor system. Under this scheme, contractors are required to collect tax from subcontractors and then remit the funds to the HMRC. The structure is intended to simplify the process by which general contractors can deduct the taxes that they are responsible for paying on behalf of their subcontractors. Having said that, this is only relevant to contractors that opt in to participate in the scheme. We also provide the highest quality of work for accountants and are considered the top accountants in Bexleyheath area. For further information, please visit our website or get in touch with us.