Construction Industry Scheme

Workshop Aims

-Practical down-to-earth tuition
This course is aimed at employers who are directly involved in the construction industry and those who are undertaking construction projects costing £1million or more in a year.

The new Construction Industry scheme came into force in April 2007. This is an essential half-day workshop for those involved in the Construction Industry procedures and focuses on the issues of making the correct assessment of employment status and the forms that have to be completed by both the worker and “employer”.

Also covered are the practical day-to-day aspects of this new scheme including the entitlement to paid holiday leave of construction workers as per recent tribunal cases.

-Step-by-step approach
Throughout the half day, the tutor follows a step-by-step approach to learning, providing careful explanations, with a mixture of example and practice.

-Tutor will assist each delegate
The tutor will endeavour to assist each delegate throughout the day and answer questions as they arise. By the end of the day, delegates will have received a practical overview of the Construction Industry Scheme.

Course Content

Definitions

-Definition of construction operations, contracts, contractors and subcontractors
-Contract and Non-contract Payments
-Tax deduction procedures and rates
-Penalties
-Booklets and forms
-Employment Status
-Long term engagements
-Short term engagements

Application of Working Time Regulations

-Definition of a worker
-Annual Leave entitlements

Registration

-Business test
-Compliance test
-Turnover test
-Applications for registration
-Businesses not resident in the UK
-Transfer of registration
-Cancellation of registration
-Local Authorities and other public bodies

Paying Subcontractors without Deduction of Tax

-Compliance
-Verification – overview
-Monthly return – overview

Paying Subcontractors with Deduction of Tax

-Compliance
-“Unmatched” subcontractors
-Payment rules
-Calculating tax on account
-Worked Examples
-Payment under deduction – worked examples
-Offsetting Deductions Against Liabilities
-Disputes and errors

Payments, Returns and Records

-Monthly and quarterly reporting
-Payments to HMRC Accounts Office
-The Monthly Return
-CIS300 Monthly Return to HMRC
-Monthly Payment and Deduction Statement to Subcontractor
-Records

Exercises