Construction Industry – Tax Update and Planning

Summary

This very practical Construction Industry Tax Update and Planning course will highlight all the recent CIS tax changes and illustrate the planning opportunities available. 

Venue details:  
Derry, City Hotel Derry, Derry
Start date & time:  
29 October 2019 14:00
End date & time:  
29 October 2019 17:00
Price: €86.13  (€81.82 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.00
CPD hours:  
3.00
Speaker details
First nameLast name
Tim Palmer

Description

Product type:  
CPD course
Category:  
Tax

Who should attend?

All accountants in practice and industry and other professional advisers who are involved in the taxation aspects of the construction industry, particularly in tax dealings with contractors and subcontractors. 

Course overview

  • The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime
  • The 2019 changes to the construction industry tax regime
  • Verification and the steps contractors have to take
  • The dealings the contractor will have with HMRC
  • The monthly CIS return: its completion and filing
  • The impact on the subcontractor
  • How to reclaim CIS deductions under the new regime
  • Is the subcontractor really self-employed?
  • Current problems facing contractors and subcontractors
  • What really are construction operations
  • Who are within the scheme and who are not
  • Case studies
  • CIS penalties
  • Current IR35 issues facing the construction industry
  • Revenue press releases and guidance
  • Practical CIS planning
  • General overview

Key learning outcomes

  • After the lecture, the delegates will have a good knowledge of the current workings of the tax aspects relating to the construction industry tax scheme.
  • They will understand what is and what is not construction operations.
  • They will appreciate the considerable CIS tax requirements placed on both contractors and sub-contractors alike.
  • They will be able to consider the impact of IR35 on the construction industry tax scheme.
  • They will also be able to consider planning CIS tax areas.