SELF EMPLOYED BUILDERS LOSE CIS

摘要

The taxman has clamped down on self-employed builders, revoking the 'gross payment status', which permits them to payment for work with reduced NI contributions. The figures - obtained through a Freedom of Information request by SJD Accountancy - show that 2,318 sub-contractors in the construction industry had their gross payment status removed for the 2013-2014 tax year, up from 22% for 2012-2013 as part of HMRC's efforts to unpick errors in the sector.