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Rebecca Benneyworth's CIS library

21st May 2008
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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.

CIS penalties – Just days away!

New CIS – how to stay registered for gross payment.

Avoiding penalties

Addendum: CIS – there may be trouble ahead!

CIS – there may be trouble ahead!
A look at the new penalty regime

New CIS – how to stay registered for gross payment.

Shall I replace my van?

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.

Surviving the New CIS - Sage whitepaper

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:


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By AnonymousUser
30th Jan 2007 00:34

Regarding comments about CIS

I think these changes should have happend last year, is it right that we no longer need ID CIS Identification with our own UTR No and PHOTO proving important and relevant information, on which we are. Well if Im right and NO CIS CARD IS NEEDED, NO photo, No evidence of whom I maybe going to give work to.

For what ever reason the government has decided to take away all CIS ID, I think we have gone back years, so if Mr Smith down the road comes to me for work, I will go on the HM Revenue & Customs site to put all details of my new Employee/self-employed person to see what he is. All relevant information will go in. Then the system will do its best to tell me if he’s self-employed or PAYE.

At the end of the day, it doesn’t matter what the system says, because the person whom Im thinking of giving some work to, could be Tony Blair or Mr Mallet, no Photo, No Card, No Nic, No signature, what is the government doing, is there a point or benefits to any of this, please let me know what they are, because Im bewildered.

What do you think?

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