At a high level, the way CIS works is that contractors deduct money from a subcontractor’s pay and then pay that money to the HMRC. For this reason, by CIS definition, a contractor is anyone who hires subcontractors, and a subcontractor is anyone who gets hired by a contractor. You sho...
HMRC mentions that the contractor must be registered under CIS before they take on their first subcontractor. The registered contractor will have to make deductions from their subcontractor’s payments and pay that money to HMRC. The scheme applies specifically to the UK. However, businesses based ...
many financial institutions, government bodies, and even courier services won’t deliver to a PO box, which rendered it impractical to use as an official address. So these days, the vast majority of virtual mailbox services give you a physical address. ...