DOING A DOUBLE TAKE ON TAX

摘要

In the tax world there is a lot of debate about what is the "right amount of tax" that a business should be paying. Most people would say double taxation on the same income is plain wrong, but that was the outcome in the recent case of Ormandi vs HMRC. The Construction Industry Scheme or CIS applies to payments for building work made by a construction business or by any business that, broadly, has a construction spend of at least £lm a year. Construction work is widely defined and includes repair, painting, decorating, installation and demolition. Payments to employees are excluded from the CIS.