PBR 2006 said it would be 20%
Budget appears silent so is it 18% or have I missed something?
Ian
CCA TQ
Replies (3)
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Chapter and verse
If you really, really want the legislation setting out the rates, it is SI 2007/46 .
The 20% rate has been well publicised. If contractors do not know about it, they probably know very little about the new CIS.
Well found, but
Revenue & Customs cannot just say the rate is 20%, there has to be legislation or more probably a Statutory Instrument and I expected a Budget press release.
I am not convinced that many applying the CIS know it is 20%.