Proposals for compulsory online CIS filing

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Who this affects:  any business that buys or sells in the construction industry

A consultation document has been published by HMRC looking at ways to improve the operation of the construction industry scheme (CIS) for smaller businesses and to introduce compulsory on-line CIS filing for contractors.

The consultation document sets out proposals for simplifying and improving the compliance and turnover tests which will enable more subcontractors to access gross payment status.

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