Tackling abuse of the CIS
A consultation on tackling fraudulent practices in the construction industry scheme (CIS) has presented solutions to come into force from 6 April 2021. Herminder Sandhu explains what will change.
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HMRC could prevent the main contractor from paying their subcontractors gross and hold them responsible for tax losses due to the fraud lower down the chain.
Thus continuing the worrying trend of making someone else responsible for a different party's actions.
Time to get rid of the CIS. It served its purpose, done a good job, now it's not needed. If there is a refund involved, by definition there is bound to be fraud.