CIS annual expenditure - definition?

CIS annual expenditure - definition?

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Wondering if anyone can help in relation to deemed contractors.

CIS guidance states that if a business spends more than £1million on construction operations it will be a deemed contractor. However, I cannot seem to find reference within CIS Regs etc/ confirming the £1million is the net amount charged by the subcontractor, or is the amount inclusive of VAT. Anyone know where it may be found within the legislation??

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