Open consultation

Extension of security deposit legislation

Summary

We are seeking views on extending the existing securities regime to Corporation Tax and Construction Industry Scheme deductions.

This consultation closes at

Consultation description

The government announced at Autumn Budget 2017 that it will introduce legislation in Finance Bill 2018 to 2019 to extend the current scope of security deposit legislation to include Corporation Tax and Construction Industry Scheme deductions. This will take effect from April 2019.

We are seeking views on HMRC’s proposals for implementing this change to ensure that it is introduced in the most effective way, that the legislation is targeted, and that there are appropriate safeguards.

Documents

Extension of the existing security deposit legislation to include CT and CIS deductions

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Ways to respond

Email to:

consultationssecurities.taps@hmrc.gsi.gov.uk

Write to:

HMRC - Tax Administration Policy & Strategy
6th Floor, 10 South Colonnade
Canary Wharf
London E14 4PU

Published 13 March 2018