UK Construction Industry Scheme
The new CIS commenced on 6 April 2007.
Under new CIS, from 6 April 2007, registration cards – CIS4(P) and CIS4(T), tax certificates-CIS5, CIS5(Partner) and CIS6 and vouchers-CIS23, CIS24 and CIS25 are discontinued.
Contractors are obliged to obtain verification numbers from HMRC in respect of subcontractors. Monthly returns are the norm – there are no annual returns under the new CIS.