TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Construction Industry Scheme

HMRC have produced a note amplifying the guidance provided in the quick guide for agents published in March 2007.

The note is available at http://www.hmrc.gov.uk/new-cis/agents-cis-online.htm.

Also letters have been issued to contractors and agents titled ‘The new Construction Industry Scheme (CIS) is now live’. The letter is available at http://www.hmrc.gov.uk/new-cis/publicity.htm.

HMRC have placed two further FAQs on their website in relation to payments and returns. The FAQs are available at http://www.hmrc.gov.uk/newcis/faq-payments.htm#11.

Charities can claim the exemption from registration under the new CIS regulations at regulation 24 of SI 2005/2045. Existing charity registrations are currently being reviewed by HMRC and charities will be deregistered where necessary.

Further information is available at http://www.hmrc.gov.uk/charities/reg24.htm.