Construction Industry Tax- An Update Key Points

This course will cover key points concerning:

• The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime
• The 2020 changes to the construction industry tax regime
• Verification and the steps contractors have to take
• The dealings the contractor will have with HMRC
• The monthly CIS return: its completion and filing
• The impact on the subcontractor
• How to reclaim CIS deductions under the new regime
• Is the subcontractor really self-employed?
• Current problems facing contractors and subcontractors
• What really are construction operations
• Who are within the scheme and who are not
• Case studies
• CIS penalties
• Current IR35 issues facing the construction industry
• Revenue press releases and guidance
• Practical CIS planning
• The new CIS VAT domestic reverse charge
• General overview