The Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2016/348, introduce mandatory online filing of contractors’ returns from April 2016, subject to certain exceptions; and reduce to £100,000 the minimum turnover test that companies must meet in order to be registered for gro
The Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2016/348, introduce mandatory online filing of contractors’ returns from April 2016, subject to certain exceptions; and reduce to £100,000 the minimum turnover test that companies must meet in order to be registered for gross payment status. From April 2017, the regulations also require contractors to use HMRC’s online service to verify a sub-contractor’s tax status. These changes form part of a package of measures designed to simplify operation of the scheme, following consultation which began in 2014.
The Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2016/348, introduce mandatory online filing of contractors’ returns from April 2016, subject to certain exceptions; and reduce to £100,000 the minimum turnover test that companies must meet in order to be registered for gro
The Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2016/348, introduce mandatory online filing of contractors’ returns from April 2016, subject to certain exceptions; and reduce to £100,000 the minimum turnover test that companies must meet in order to be registered for gross payment status. From April 2017, the regulations also require contractors to use HMRC’s online service to verify a sub-contractor’s tax status. These changes form part of a package of measures designed to simplify operation of the scheme, following consultation which began in 2014.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")