Construction Industry Scheme
GPTKB entity
Statements (20)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
tax scheme
|
| gptkbp:administeredBy |
gptkb:HM_Revenue_and_Customs
|
| gptkbp:alsoKnownAs |
gptkb:CIS
|
| gptkbp:appliesTo |
gptkb:United_Kingdom
partnerships companies construction industry self-employed subcontractors |
| gptkbp:deductionsAre |
advance payments towards subcontractors' tax and National Insurance
|
| https://www.w3.org/2000/01/rdf-schema#label |
Construction Industry Scheme
|
| gptkbp:introducedIn |
1971
|
| gptkbp:officialWebsite |
https://www.gov.uk/what-is-the-construction-industry-scheme
|
| gptkbp:penalty |
non-compliance
|
| gptkbp:purpose |
to reduce tax evasion in construction
|
| gptkbp:registration |
contractors
subcontractors |
| gptkbp:regulates |
payments from contractors to subcontractors
|
| gptkbp:requires |
contractors to deduct money from payments to subcontractors
|
| gptkbp:bfsParent |
gptkb:CIS
|
| gptkbp:bfsLayer |
5
|