Tag Archives: CIS

Construction Industry Scheme Tax Deductions by Partnerships

For partnerships in the Construction Industry Scheme (CIS) HMRC have produced form CIS41. This should be used to claim for repayment of subcontractor deductions during the tax year (the tax return is used after the tax year is ended). For … Continue reading

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Construction Industry Scheme Booklet CIS340

HMRC have published Construction Industry Scheme (CIS) Booklet CIS340 (June 2015 edition). It is a helpful overall guide explaining HMRC’s view of the tax and compliance duties on contractors and sub-contractors in the CIS. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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New Construction Industry Scheme (CIS) and Partnership Registration

There is a new registration form for partnerships needing to register for the Construction Industry Scheme (known as CIS, the special tax scheme for paying tax at source in the construction industry). Form CIS304 is on the HMRC part of … Continue reading

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HMRC Videos and Webinar on Construction Industry Scheme (CIS)

HMRC have a series of videos on the Construction Industry Scheme (CIS) special tax scheme for using sub-contractors in the building industry, in addition to notices, plus a live one hour webinar on 13th April. Eamon McNicholas Tax Barrister, Accountant … Continue reading

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HMRC Proposed Changes to CIS a Disappointment

HMRC’s proposed changes to the Construction Industry Scheme (CIS) are a disappointment. The draft new regulations were published in December 2014 as The Income Tax (Construction Industry Scheme) (Amendment) Order 2015. Only 4 weeks was allowed for consultation over the … Continue reading

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Construction Industry Scheme and HMRC Guidance on New Agency Rules

HMRC this week published guidance on the agency rules in place from April 2014. What caught my eye as a tax barrister was HMRC’s views on the interaction with the Construction Industry Scheme (CIS). HMRC say a CIS worker will … Continue reading

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New HMRC position on Construction Industry and Levy

HMRC this week revised their position on the Construction Industry Training Board (CITB) levy and if it can be deducted for Construction Industry Scheme (CIS) purposes. HMRC now say that: “We can confirm that the CIS applies only to payments … Continue reading

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