The Income Tax (Construction Industry Scheme) (Amendment) (Northern Ireland) Regulations, SI 2022/385 update a reference in the principal Construction Industry Scheme Regulations (SI 2005/2045) to ensure that amounts of tax withheld from payments to a subcontractor can be set off against the subcontractor’s liability to refund payments of statutory parental bereavement pay (SPBP) to HMRC, with effect from 6 April 2022. The reference to SPBP is added to step 5 of SI 2005/2045 reg 56(2) which sets out the sequence in which deductions held by HMRC should be set off against other liabilities.
The Income Tax (Construction Industry Scheme) (Amendment) (Northern Ireland) Regulations, SI 2022/385 update a reference in the principal Construction Industry Scheme Regulations (SI 2005/2045) to ensure that amounts of tax withheld from payments to a subcontractor can be set off against the subcontractor’s liability to refund payments of statutory parental bereavement pay (SPBP) to HMRC, with effect from 6 April 2022. The reference to SPBP is added to step 5 of SI 2005/2045 reg 56(2) which sets out the sequence in which deductions held by HMRC should be set off against other liabilities.
