The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1998

Amendments to Part IV of the principal Regulations

29.  After regulation 37 the following regulation shall be inserted—

“Completion of construction gross payment voucher by contractor where sub-contractor is a company issued with a CIS5 Certificate

37A.— (1) This regulation applies where—

(a) a sub-contractor’s tax certificate is issued to a company in the form specified in paragraph (6) or (7) of regulation 24, and

(b) a contract payment is made to the company without the deduction imposed by section 559.

(2) Where this regulation applies, the contractor shall, in respect of all contract payments made by him as mentioned in paragraph (1)(b) within a period of one income tax month, either

(a) complete a construction gross payment voucher in the form designated CIS23(M) and CIS23(I) in Schedule 1, containing the particulars specified in paragraph (4) and signed by him, or

(b) transmit electronically the particulars specified in paragraph (4) to a person nominated by the Board.

(3) The contractor shall send all construction gross payment vouchers completed by him in accordance with this regulation to a person nominated by the Board, at an address specified by them.

(4) The particulars specified in this paragraph are—

(a) the name of the sub-contractor,

(b) the distinctive number of the sub-contractor’s tax certificate,

(c) the end of the income tax month in which the payments were made, and

(d) the amount of the payments.”