FORTHCOMING CHANGE: HMRC intends to make wide-ranging changes to the rules on tax penalties, as part of its 'Making Tax Digital' reforms and a wider penalty review,...
The construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of sub-contractors in the construction industry under-declaring or failing...
This Practice Note details the obligations imposed by the construction industry scheme (CIS) rules on contractors, covering the requirement to: • register as a contractor...
This Practice Note sets out the obligations imposed by the construction industry scheme (CIS) rules on sub-contractors, including: • registration • the possibility of...
FORTHCOMING CHANGE: in January 2020, the government carried out a review into the implementation of the proposed changes to the off-payroll IR35 rules (as are set out...
FORTHCOMING CHANGE: in January 2020, the government carried out a review into the implementation of the proposed changes to the off-payroll IR35 rules (as are set out...
FORTHCOMING CHANGE: HMRC has consulted on the introduction of a new model that will replace the current late payment penalties with a hybrid regime of penalties and...
One of the most common reasons for sub-contractors losing their gross payment status is failure to satisfy their tax compliance obligations, such as failing to submit tax...
Expenditure incurred on or after 29 October 2018 on non-residential structures and buildings which does not qualify for plant and machinery allowances will normally...
In practice, a tax lawyer is likely to come across the construction industry scheme (CIS) rules when representing: • a party to: ◦ a construction contract ◦ a sale of a...
FORTHCOMING CHANGE relating to construction industry scheme (CIS) abuse: HMRC is consulting on changes to prevent tax loss from the CIS. The consultation proposes three...
This Practice Note is about the VAT treatment of building work. Specifically, it looks at the types of building work that will qualify for VAT relief, in the form of...
This Practice Note is about the VAT reverse charge for building and construction work, which applies from 1 October 2020. The charge was originally intended to be...