Tax Archives - Construction & Civil Engineering magazine https://ccemagazine.com/news/category/news/tax/ Thu, 01 Feb 2024 12:02:44 +0000 en-GB hourly 1 https://wordpress.org/?v=6.8.1 https://ccemagazine.com/wp-content/uploads/sites/11/2022/10/cce-150x150.png Tax Archives - Construction & Civil Engineering magazine https://ccemagazine.com/news/category/news/tax/ 32 32 Changing CIS Rules to Save £300m Lost to Fraud https://ccemagazine.com/news/changing-cis-rules-to-save-300m-lost-to-fraud/ Thu, 01 Feb 2024 12:02:43 +0000 https://ccemagazine.com/?p=13262 The Construction Industry Scheme (CIS) has been a cornerstone of tax regulation in the UK's construction sector since its inception in the 1970s. Designed primarily to curtail tax evasion, CIS has undergone various modifications to keep pace with the evolving landscape of the industry. The latest in this series of changes, set to take effect in April 2024, focuses on integrating VAT compliance as a key criterion for subcontractors maintaining their Gross Payment Status (GPS).

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]]> The Construction Industry Scheme (CIS) has been a cornerstone of tax regulation in the UK’s construction sector since its inception in the 1970s. Designed primarily to curtail tax evasion, CIS has undergone various modifications to keep pace with the evolving landscape of the industry. The latest in this series of changes, set to take effect in April 2024, focuses on integrating VAT compliance as…

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