Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Debt Management and Banking Manual

From
HM Revenue & Customs
Updated
, see all updates

Legislation: IT-SC Regulations

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