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
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