CISR17080 - The Scheme: secondary legislation: regulation 7

This regulation sets out how payment of sums deducted should be dealt with: to be read in conjunction with FA04/S61.

A contractor must pay over to HMRC amounts deducted from payments made to subcontractors on net payment status

• within 17 days after the end of the tax period for electronic payments: SI2005/2045 reg 7(1)(a), and
• within 14 days after the end of the tax period in all other circumstances: SI2005/2045 reg 7(1)(b).

If requested, HMRC must give the contractor a receipt for CIS deductions paid over to the department under (1): SI2005/2045 reg 7(2).

If the payment made under (1) is a joint payment (including CIS deductions, PAYE tax and NICs) and a receipt has already been provided for the total amount submitted, then HMRC does not have to provide a separate receipt in respect of the CIS elements of the total payment made: SI2005/2045 reg 7(3).

ENABLING PROVISION – FA04/S71 (1)