News tagged cis
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CIS rule change ‘to save £300m lost to fraud’
The government believes it can raise £300m previously lost to fraud through a rule change for subcontractors claiming gross payment status via the construction industry scheme (CIS). Under CIS, subcontractors that have gross payment status can receive payments with no tax deducted at source. But… The post CIS rule change ‘to save £300m lost to fraud’ appeared first on Construction News.
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The number of people being paid under the Construction Industry Scheme went up by 15% last year and there are calls for the Treasury to clamp down on it.
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UK government launches consultation on ‘umbrellas’, but what about ‘CIS umbrellas’?
Frances Lewis is head of workforce solutions at Osborne Clarke At the start of June the government issued responses to the November 2021 call for evidence about “umbrella” arrangements in the UK and a consultation on three options for legislation. The consultation invites responses on… The post UK government launches consultation on ‘umbrellas’, but what about ‘CIS umbrellas’? appeared first on Construction News.
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Tax spotlight turning on CIS materials claims by subbies
Accountant warns contractors over rising CIS materials deductions by subbies
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HMRC strike hits construction subbies
Subcontractors struggling to reach help line if CIS deduction rates are wrong
Businesses tagged cis
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The Indigo Group provides an end to end solution for contractors, freelancers and agencies. We offer a range of connected services that are shaped by legislation, providing assurance and compliance services to multiple markets and sectors. ✔ Safe and compliant engagement of subcontractors (CIS) ✔ Supply chain and project assurance solutions to reduce risk and increase visibility ✔ Trusted payroll services for worker engagement ✔ Simple identity verification and compliance solutions
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