CIS returnsSeptember 21, 2011 If you are a contractor registered in the Construction Industry Scheme (CIS), you are required to submit a CIS return (form CIS300) by 19th of every month. The penalties for late submission of these returns are changing for periods beginning after 5 October 2011. The new penalty structure will generally impose a lower total penalty where the CIS return is less than 6 months late, but higher penalties in other cases. New contractors will also have their initial penalties capped at £3,000, where they are late in submitting their first return. |
Archives
|
