Quick guide to the new Construction Industry Scheme
Fact Sheet CIS341
Document Status
Withdrawn, Document not available for download
Supplement
Core Supplement
Series
Fact Sheet
Abstract
Outlines some characteristics of the 2007 Construction Industry Scheme: abolition of use of vouchers, tax certificates and registration cards; subcontractors’ obligation towards registering; contractors’ obligation towards verifying subcontractors; use of ‘verification numbers’ in the process; means of paying subcontractors, including contractors’ obligation to issue monthly returns to the HMRC detailing these payments.
History
Accompanies the CIS340 booklet. Applies to the new Construction Industry Scheme commencing 6th April 2007 - to be used from that date.
Subjects
- Legal issues and management
- Contracts
Publisher History
HM Revenue & Customs was formed in 2005, following the merger of Inland Revenue and HM Customs and Excise Departments. They are responsible for the collection and administration of taxes.
Information
NBS
NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.
Accuris
We connect trusted knowledge to customers' workflows – mitigating risk, increasing efficiency and accelerating innovation For more than 60 years, leading R&D and engineering-intensive organizations have relied on us to achieve on-time, on-budget delivery of complex projects and new products. We deliver an unparalleled combination of technical content and Artificial Intelligence (AI) technologies to surface answers from the vast universe of technical knowledge, both inside and outside the organization. In a single interface, we connect the dots between information scattered across many different sources, allowing technical professionals to make better, more informed decisions faster.