Construction industry scheme

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VAT—triangulationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 19th May
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How employment income is taxed—non-cash earnings or benefitsIn addition to cash earnings, such as wages or salaries, many reward packages include...
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19th May
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What is an intangible fixed asset?Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
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UK Crown Dependency/Overseas Territory Agreements (CDOT)—FAQsWhat are the CDOT agreements?The UK entered into agreements with its three Crown...
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Produced in partnership with Ali Kazimi of Hansuke 19th May
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VAT treatment of damages and compensation paymentsFORTHCOMING CHANGE: HMRC is in the process of revising Revenue and Customs Brief 12 (2020) on the...
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19th May
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Amortisation of intangible fixed assetsWhere a company acquires (or otherwise incurs capitalised expenditure upon) an intangible fixed asset that...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
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EIS—deferred gain becomes chargeable to CGTCoronavirus (COVID-19): In response to the coronavirus (COVID-19) pandemic, the government introduced a...
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19th May
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Property holding structures—SDLT and VAT treatment of a Jersey Property Unit Trust (JPUT)IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the...
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19th May
Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
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19th May
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Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
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Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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19th May
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Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
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Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
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R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May

Most recent Construction industry scheme content

Q&As
Does a construction company that provides subcontractors with a van (including all fuel and running costs) for use on their construction projects have...
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1st Aug
Q&As
If a contractor is the parent company of a potential sub-contractor is it required to withhold tax under the construction industry scheme (CIS)?The...
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1st Aug
Practice notes
Late payment penalties—PAYE, NICs and construction industry schemeThis Practice Note is about the penalty regime in the Finance Act 2009 (FA 2009) for...
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Produced in partnership with Philip Rutherford 31st Jul
Practice notes
Construction industry scheme—contractors' obligationsThis Practice Note details the obligations imposed by the construction industry scheme (CIS)...
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31st Jul
Practice notes
The construction industry scheme—when does it apply?The construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of...
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31st Jul
Practice notes
Construction industry scheme—sub-contractors' obligationsThis Practice Note sets out the obligations imposed by the construction industry scheme (CIS)...
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31st Jul
Practice notes
Construction industry scheme penaltiesThis Practice Note explains that penalties may be payable for:•failing to:◦submit construction industry scheme...
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31st Jul
Practice notes
The construction industry scheme in practiceIn practice, a tax lawyer is likely to come across the construction industry scheme (CIS) rules when...
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31st Jul
Practice notes
Loss of CIS gross payment status—practical considerations for sub-contractorsOne of the most common reasons for sub-contractors losing their gross...
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30th Jul
Practice notes
Construction industry scheme—contract paymentsThe construction industry scheme (CIS) was devised to limit the amount of tax lost as a result of...
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30th Jul
Precedents
Construction Industry Scheme (CIS) clauses for an agreement for lease1Construction Industry Scheme—for use where the landlord’s contribution is a...
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30th Jul

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