HMRC will start charging penalties on late CIS returns

HM Revenue & Customs, from 19 October, will start charging penalties on late Construction Industry Scheme (CIS) returns.  Late returns are classed as returns not recieved by the 19th of each month.

The penalty will be fixed at £100, and if the payment is still not settled, then an extra penalty will be added on each month until it is paid.

This penalty applies to all returns that should have been received from the start of the new CIS including nil returns.

Blake Lapthorn's Construction and Development group has recently held seminars on the new CIS and dealing with employment status risks.  If you would like to receive copies of the slides from these seminars, please email elaine.law@bllaw.co.uk.

For further information on the new CIS and its implications then please cantact Richard Wade, head of Blake Lapthorn's Construction and Development group on 01865 254244 or email richard.wade@bllaw.co.uk.