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Reduce CIS Tax Administration Burden on Construction Industry

Comment 16th July 2010

I spend considerable amounts of time administering CIS deductions on behalf of HMRC every month – checking verifications, deducting tax, paying tax over, recording submissions, issuing tax certificates of deduction, entering returns as well as maintaining our own tax gross status. Why can't individual sub-contractors be treated the same as any other individual or company without foisting the administrative and indeed collection burden on small businesses in an already tough and demanding sector? I am understanding and more than accepting of the need for individuals and companies to register as self employed or with companies house and I accept that there may be arguments that this is a sector where avoidance has been an issue but why penalise small businesses that are trying to do things correctly and contribute to economic growth with this significantly time consuming burden?

Why does this matter?

Adverse impact on small and medium size businesses in the construction sector a sector that is vital in stimulating economic recovery

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