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CIS tax system review

Series: RICS Quantity Surveying and Construction Faculty News ; 28 November 2002, (1)Publication details: 2002Subject(s): Summary: The Inland Revenue has published a consultation paper outlining proposals to reform the Construction Industry Scheme (CIS). The CIS was last revised in 1999 and still relys on paper vouchers to evidence payments between contractors and subcontractors. Consultation deadline is 28 February 2003. "The Inland Revenue and the construction industry: working together for a new scheme" available at www.inlandrevenue.gov.uk/consult_new/cis_reform.pdf www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=4320

The Inland Revenue has published a consultation paper outlining proposals to reform the Construction Industry Scheme (CIS). The CIS was last revised in 1999 and still relys on paper vouchers to evidence payments between contractors and subcontractors. Consultation deadline is 28 February 2003. "The Inland Revenue and the construction industry: working together for a new scheme" available at www.inlandrevenue.gov.uk/consult_new/cis_reform.pdf www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=4320