DMBM450100 - Legislation: IT-SC Regulations
Some content of this manual is being considered for archiving. If there is content you use regularly, please email [email protected] to let us know as soon as possible.
Regulations concerning payment of contractors鈥� deductions, which form the basis for compliance action, are contained in the Income Tax (Construction Industry Scheme) Regulations 2005.
The table shows a selection and their effects.
Summary of contents |
Income Tax (Construction Industry Scheme) Regulations 2005 |
|---|---|
Requires a contractor to pay monthly the net sums deducted |
Reg 7 |
Requires the contractor to make a monthly Return |
Reg 4 |
Where no payment or an insufficient payment has been made, the debt manager may require a contractor to make a return of the amounts payable |
Reg 10 |
Where no payment or an insufficient payment has been made, the debt manager may specify the amount a contractor should pay |
Reg 11 |
HMRC may determine the amount a contractor should pay |
Reg 13 |
Charge interest on tax due |
Reg 14 |
A person nominated by the Commissioners for Her Majesty鈥檚 Revenue and Customs may inspect an employer鈥檚/ contractor鈥檚 records to quantify the overdue liabilities |
Reg 51 |
听