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Construction Industry Scheme: Guidance and Commentary 3rd Edition

Construction Industry Scheme: Guidance and Commentary 3rd Edition

Author: Howard Royse
Publisher: Claritax Books
ISBN: 9781912386451

Previous Edition ISBN: 9781908545954
Published In: November 2021
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

A practical guide to dealing with the requirements of the Construction Industry Scheme, based on years of experience gained by the author in representing clients, liaising with HMRC and working in the construction industry. The book complements and expands upon HMRC’s publication CIS 340. It includes observations on the various CIS consultations held by HMRC and responses issued thereafter.

The third edition has been substantially updated, including an array of new case decisions. One of these cases serves as a reminder of the importance of the rules, as a misinterpretation of the CIS legislation cost the taxpayer more than £1.7 million. The new edition also covers recent revisions to the regulations, and changes arising from the 2020 consultation.

Abbreviations

Reading notes

Introduction

1. History

2. Basics of CIS – April 2007 to date

3. Scope of construction operations

4. Contractors and sub-contractors

5. Verification

6. Agents and CIS

7. Gross payment status

8. Potential loss of gross payment status

9. Penalties