Construction Industry Scheme (CIS) – consultation for improvements
The government has issued a consultation document looking at how to improve the operation of CIS. The proposals include:
- Reducing the limit on the turnover test to between £100,000 and £150,000;
- Removing the requirements for filing and paying PAYE on time;
- Removing the obligation to pay income or corporation tax on time;
- Moving to mandatory on-line filing.
The full document is on the gov.uk website and the deadline for responses is 22 September 2014.
Date: 4th August, 2014
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole