To tackle the abuse of the CIS set-off process, the Income Tax (Construction Industry Scheme) Regulations, SI 2005/2045, that come into force on 6 April, allow HMRC to:
correct or remove CIS set-off claims made on RTI returns where there are errors or omissions;
prohibit further set-off claims being made by a claimant for the remainder of a tax year in certain cases; and
revoke decisions made by officers of HMRC to remove or prohibit set-off claims.
The rules on the costs of materials directly incurred by sub-contractors to fulfil a construction contract are also clarified.
To tackle the abuse of the CIS set-off process, the Income Tax (Construction Industry Scheme) Regulations, SI 2005/2045, that come into force on 6 April, allow HMRC to:
correct or remove CIS set-off claims made on RTI returns where there are errors or omissions;
prohibit further set-off claims being made by a claimant for the remainder of a tax year in certain cases; and
revoke decisions made by officers of HMRC to remove or prohibit set-off claims.
The rules on the costs of materials directly incurred by sub-contractors to fulfil a construction contract are also clarified.
