From May, a subcontractor will no longer be required to send a copy of their CIS24 voucher to the contractor, and will instead be required to keep a copy for their own records. The measure is designed to reduce the amount of paperwork currently exchanged between contractors and subcontractors.
The turnover threshold for companies required to make a formal business case to qualify for a CIS5 certificate has also been reduced from £5m to £3m.
Measures also include the establishment of a consultative forum to review the scheme, which will contain representation from the Inland Revenue, the Department of Environment, Transport and the Regions and the construction industry.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy