Construction Industry Tax - An Update

This course provides a detailed insight into how the Construction Industry Scheme works in practice and fully explains the tax responsibilities and roles of both the contractor and subcontractor. 

The aims and benefits of the course are to provide a detailed understanding of the current CIS tax rules and administration requirements. The full practical impact of tax and CIS will be considered.  

This course will cover:  

• The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime  
• The 2024 changes to the construction industry tax regime  
• The new definition of a deemed contractor  
• 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  

A thorough CIS tax update will be given. Case studies will be used to illustrate the key points and the course content will be supported by comprehensive course documentation. 

The content for Online courses predating 2024 may vary.