Taxing times
Nolan, Alan
Taxing times - 2006 - Contract Journal 435(6595) 4 October 2006, 6-7(2) .
Reports on the new Construction Industry Scheme (CIS), effective from April 2007, and the implications for the UK construction industry. Summarises how the current CIS scheme works and explains the reasons for change. Suggests that the new CIS introduces the risk of identity fraud and provides a scenario where fraud could arise. Also looks at the compliance test for the new CIS and gross payment status.
CONSTRUCTION INDUSTRY SCHEME
United Kingdom--
Taxing times - 2006 - Contract Journal 435(6595) 4 October 2006, 6-7(2) .
Reports on the new Construction Industry Scheme (CIS), effective from April 2007, and the implications for the UK construction industry. Summarises how the current CIS scheme works and explains the reasons for change. Suggests that the new CIS introduces the risk of identity fraud and provides a scenario where fraud could arise. Also looks at the compliance test for the new CIS and gross payment status.
CONSTRUCTION INDUSTRY SCHEME
United Kingdom--