Rebecca Benneyworth's CIS library
A selection of articles to help you get to grips with the new CIS scheme by the well known tax lecturer and writer Rebecca Benneyworth.
CIS – hurtling towards…. what?
Loss of gross payment status has the unintended consequence that it does nothing to improve CIS compliance…
CIS penalties: A nice little earner!
Penalties from the new scheme will be raising millions in revenue.
Addendum: CIS – there may be trouble ahead!
CIS – there may be trouble ahead!
A look at the new penalty regime
CIS - a subcontractor's guide
The 20% deduction rate and other "basics".
Travel rules and CIS
What travel and subsistence expenses can be paid in the building trade without incurring a tax liability? Are there any other consequences of reimbursing travel costs?
Getting ready for new CIS - An agent’s nightmare?
Many smaller firms will probably have by now decided that the likelihood of their smaller contractors keeping up with the new system is slim indeed, and be planning their campaign of support for their beleaguered clients.
Getting ready for the new CIS - Monthly returns
Probably the most significant change for contractors under new CIS is the introduction of monthly returns.
Getting ready for the new CIS
What do contractors and subcontractors need to do now to be as prepared as possible for the new scheme? How will it differ?
Who are deemed contractors in the new CIS?
Some businesses have to operate the construction industry tax deduction scheme even when they are not actually within the building trade. Under the new scheme, there are two types of deemed contractor who will be liable to operate CIS on payments they make to subcontractors for building work.
Employment status and CIS post-Demibourne
Contractors of every size will need to review the employment status of their workers for each engagement, as once a month they will sign a declaration that they have done so, and are satisfied that the workers are self employed.
If you are a contractor and have not yet tackled your CIS returns and subcontractors' reports, Rebecca Benneyworth has collaborated with Sage's Construction Team to produce a practical guide on "surviving the new CIS". Click here to download the free guide now.
BASDA guide to new CIS legislation - implications for IT is available from AccountingWEB partners: