12 April 2013
Limited Company Subcontractors claiming back CIS deductions (PDF 34K)
HM Revenue & Customs (HMRC) have updated the leaflet that sets out how subcontractors that are limited companies should reclaim any deductions they have had taken from their payments under the Construction Industry Scheme (CIS). HMRC will send a copy of the leaflet to the limited company subcontractors they contact about claims for repayment of deductions through the P35 process.CIS - changes being made for the introduction of Real
Time Information (RTI)(PDF 42K)
HM Revenue & Customs have published a document highlighting the changes
being introduced by the introduction of RTI and how this impacts upon CIS.
Mainstream and deemed contractors (PDF
32K)
Following a recent review of the policy intention behind the CIS legislation,
HM Revenue & Customs have today published some further guidance on
the definition of what are commonly known as 'mainstream' and 'deemed'
contractors..
Construction Industry Scheme - security
checks
HM Revenue & Customs have introduced further security checks to ensure
corrections to contractors monthly returns are proper to a particular
return.
HMRC have today published details of how they propose to reduce any penalties chargeable under the present CIS penalty regime where the new penalty regime, due to be implemented in October 2011, gives contractors a more favourable result.Find out more.....
HMRC have published details of the new penalty regime that will apply for all late-filed contractor returns due on or after 5 November 2011. Find out more.....
