Understand payroll regulations for the Construction Industry Scheme (CIS)
A practical workshop geared for employers directly involved in the construction industry.
This course will look in depth at the problematic issue of the employment status of Construction workers and what steps can be taken to protect the engager from a successful HMRC ‘status challenge.’
The course focuses on the tax deduction implications of HMRC’s Construction Industry Scheme, which applies to mainstream contractors, Local Authorities and other businesses incurring substantial costs on ‘construction operations.’
HMRC imposes automatic penalties for late submission of monthly returns and penalties for other failures, including failing to deduct the correct amount from payments made to subcontractors.
Problems continue to arise due to the failure of some businesses to register as a contractor and/or subcontractor, resulting in the failure to check the payment status of new subcontractors and to make deductions from subcontractors registered for payment under deduction and from unregistered subcontractors.
Many businesses operating as contractors and subcontractors risk losing their gross payment status as a subcontractor if they fail to operate the scheme correctly and adhere to HMRC’s compliance test for the business and/or its proprietors.
This course covers the whole process, from registration through to the engagement and payment of subcontractors, also looking at work that comes within the scheme, ‘construction operations’ and work that should be excluded from reporting and the need to make a deduction.
