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

Limited Company Subcontractors Claiming Back Construction Industry Scheme (CIS) Deductions

HMRC have updated the guidance that sets out how subcontractors that are limited companies should reclaim any deductions they've had taken from their payments under the CIS.

As part of the changes introduced by RTI the company must complete a monthly ‘Employer Payment Summary’ (EPS) on which it must show the CIS deductions taken from the company's payments each tax month, together with the total CIS deductions for the year to date.