DMBM450100 - Legislation: IT-SC Regulations

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Regulations concerning payment of contractors’ deductions, which form the basis for compliance action, are contained in the Income Tax (Construction Industry Scheme) Regulations 2005.

The table shows a selection and their effects.

Summary of contents	Income Tax (Construction Industry Scheme) Regulations 2005
Requires a contractor to pay monthly the net sums deducted	Reg 7
Requires the contractor to make a monthly Return	Reg 4
Where no payment or an insufficient payment has been made, the debt manager may require a contractor to make a return of the amounts payable	Reg 10
Where no payment or an insufficient payment has been made, the debt manager may specify the amount a contractor should pay	Reg 11
HMRC may determine the amount a contractor should pay	Reg 13
Charge interest on tax due	Reg 14
A person nominated by the Commissioners for Her Majesty’s Revenue and Customs may inspect an employer’s/ contractor’s records to quantify the overdue liabilities	Reg 51