Description
- Overview
The IAB Level 2 Award in Construction Industry Scheme qualification has been specifically designed to enable those who have completed the qualification to effectively record and maintain financial information to comply with the requirements of the CIS.
Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments toward the subcontractor’s tax and National Insurance. Contractors must register for the scheme. Subcontractors do not have to write, but deductions are taken from their payments at a higher rate if they are not registered.
This qualification is assessed via an online Sage assessment which is a time constraint knowledge test.
Key information:
Guided Learning Hours – 30
Total Qualification Time – 40
Credit value - 4
Click here to find out more about the qualification
Please be aware that for some qualifications you will be required to sit an examination under controlled conditions, you will need to contact an IAB approved centre in order to arrange this. The centre will charge you a hosting fee, this fee is not included in your registration fee and must be paid directly to the hosting centre. Please email ao@iab.org.uk to obtain an up-to-date list of approved centres.