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HMRC internal manual

Construction Industry Scheme Reform Manual

From
HM Revenue & Customs
Updated
, see all updates

The Scheme: secondary legislation: regulation 20

 

This regulation deals with reverse premiums.

Subject to para (2) a payment under a construction contract is not a contract payment if the payment is a reverse premium within the meaning of FA99/SCH6 or ITTOIA05/S99:SI2005/2045 reg 20(1).

Para 5 of FA99/SCH6 does not apply for the purposes of (1): SI2005/2045 reg 20(2).

ENABLING PROVISION – FA04/S60 (7)