Improving the operation of the Construction Industry Scheme (CIS)
The government has formulated proposals for improving the CIS, including the introduction of mandatory on-line filing for contractors and provision of digital access to pay and tax details for subcontractors. LITRG broadly welcomes this particular proposal on the basis that lost or mislaid CIS statements can be major frustration for subcontractors – causing unnecessary costs and delays around tax return filing time.
We also call on HMRC to explore further ways in which the tax return filing process can be eased for subcontractors, who often have very basic tax affairs but find themselves having to grapple with the complex self-assessment system.
The LITRG response can be found here