DMBM450100 - Legislation: IT-SC Regulations

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Regulations concerning payment of contractors’ 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’s Revenue and Customs may inspect an employer’s/ contractor’s records to quantify the overdue liabilities

Reg 51