Pressure Mounts On The Construction Industry (Feature)

[UKFF Mod]

The Treasury have now produced their consultative document promised in the last budget on what they like to call 'False Self Employment' in the Construction Industry.

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If you have any comments to make about this article feel free to start the debate below!

[Howzat]

I think this really will happen. The problem for most subbie's is that they'll have no idea what's round the corner then BANG - 40% tax please...

[Xaromir]

Thinking of some of the people in 'trade' that I've dealt with, I'm positively rubbing my hands in glee.

Is that wrong?

[The SMG]

Originally Posted by Xaromir

Thinking of some of the people in 'trade' that I've dealt with, I'm positively rubbing my hands in glee.

Is that wrong?

Yes it's wrong. Believe it or not, there are self employed cis workers out there that have every right to pay themselves so. Why should they now suffer the consequences of the soon to be implemented gov't scheme just because they don't satisfy the new criteria?

[Vaseline]

Can someone please explain what on earth you lot are talking about. What is the Construction Industry Scheme?

V

[curleyted]

Google is your friend Vaseline...

What is the Construction Industry Scheme?

The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.

The scheme applies mainly to contractors and subcontractors in mainstream construction work; however, businesses or organisations whose core activity isn't construction but have a high annual spend on construction may also count as contractors and fall under the scheme.

The scheme was extensively revised in April 2007 and the information contained in this guidance relates to the latest CIS rules.