TAX NEWS: CIS 2007 - Compliance, compliance, compliance. By Nichola Ross Martin

HMRC have revised leaflet IR40(CIS) Construction Industry Scheme, 'Conditions for getting a subcontractors certificate' in preparation for the new CIS scheme in April 2007.

A tax certificate entitles the holder to be paid gross. Those who cannot make the conditions will hold Registration Cards and receive payments after deduction on account of tax and National Insurance contributions (NICs).

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