Construction industry scheme [electronic resource] guide for contractors and subcontractors, only for the scheme starting on 6 April 2007
Construction industry scheme guide for contractors and subcontractors, only for the scheme starting on 6 April 2007 [electronic resource]
- [S.l.] HMRC 2007
The CIS sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry and certain other businesses. Under the CIS, all payments made from contractors to subcontractors must take account of the subcontractor's tax status as determined by HM Revenue & Customs. This may require the contractor to make a deduction, which they then pay to us, from that part of the payment that does not represent the cost of materials incurred by the subcontractor.
United Kingdom--
The CIS sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry and certain other businesses. Under the CIS, all payments made from contractors to subcontractors must take account of the subcontractor's tax status as determined by HM Revenue & Customs. This may require the contractor to make a deduction, which they then pay to us, from that part of the payment that does not represent the cost of materials incurred by the subcontractor.
United Kingdom--