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Type Speaker CPD Hours Level
6 UpdateInformation

Introduction

This very practical live broadcast, split into two 3 hour sessions, will provide delegates with a detailed tax update relating to the construction industry scheme. It will also consider the latest CIS tax planning opportunities.

The new VAT domestic reverse charge will additionally be covered in detail.

In addition, employment status relating to CIS tax matters will be reviewed.

What You Will Learn

This live and interactive session will cover the following:

The CIS Scheme

  • When does it apply?
  • What are construction operations?
  • Mainstream and deemed contractors
  • Contractor and subcontractor obligations
  • Practical case studies
  • CIS tax application to architects and surveyors
  • CIS tax chains
  • The verification of subcontractors
  • What do you deduct CIS tax from?
  • Gross payment status tests
  • Calculating the CIS tax deduction
  • Monthly CIS returns
  • Completion of CIS tax statements (vouchers)
  • Keeping the subcontractor gross
  • Foreign workers
  • CIS tax problems and their solutions
  • The UK territorial waters
  • Penalties and compliance
  • CIS tax planning opportunities
  • General overview

The New VAT Domestic Reverse Charge

  • Supplies affected
  • How the reverse charge operates
  • When the contractor should notify the subcontractor
  • Completion of invoices
  • Completion of the VAT return
  • Scope of work within CIS and excluded work
  • VAT planning in this area
  • Compliance matters

Employment Status

  • Employment status factors for sole traders
  • Is the subcontractor genuinely self-employed?
  • Case law
  • The impact of self-employed contracts
  • Castle Construction
  • Recent developments and planning
  • Practical case studies
  • The impact of the IR35 private sector changes to the CIS regime, due to come in from 6th April 2021

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

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Learn Live | 17.08.2020

Online | 10:00am - 1:00pm


Tax & The Construction Industry Scheme - All You Need to Know

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Aug
17 2020
Aug
27 2020
Session 1 
10:00am - 1:00pm

Session 2 
10:00am - 1:00pm

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£270
£540
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Discounts are available for multiple places. If you have 5 or more people interested in participating in this virtual learning session please email us at information@mblseminars.com for more information.

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