Construction Industry Scheme definition

Construction Industry Scheme means the construction industry scheme under Chapter 3 of Part 3 of the Finance Act 2004.

Construction Industry Scheme means the regime set out in Chapter 3 of Part 3 of the Finance Xxx 0000 and the CIS Regulations;

Construction Industry Scheme means the HMRC scheme which sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry;

Examples of Construction Industry Scheme in a sentence

• The school is required to follow any advice from the City Council given in relation to the Construction Industry Scheme as it relates to the community facility.

• An individual will be deemed to be self-employed if he is a sole trader, a partner in a partnership, a member of an LLP, a director of a limited company if their total shareholding or controlling interest in the company they are employed by is 20% or more even if they are paid a salary, a director or member whose income is from a company limited by guarantee, a Construction Industry Scheme sub-contractor or a contractor using the services of ‘umbrella’ companies.

• The Grant Recipient warrants to the GLA that it holds gross payment status for the purposes of the CIS (pursuant to paragraph CISR13040 of the Construction Industry Scheme Reform manual or otherwise) such that the Grant Recipient is entitled to receive payments under Construction Contracts without any deduction under the CIS.

• Schools are required to follow authority advice in relation to the Construction Industry Scheme where this is relevant to the exercise of the community facilities power.

• Schools should follow authority advice in relation to the Construction Industry Scheme where this is relevant to the exercise of the community facilities power.

• Schools are required to follow the procedures detailed in the "Guide to Financial Procedures in Schools" in connection with the Construction Industry Scheme (CIS).

• Schools are reminded that they are required to follow the Authority’s advice in relation to the Construction Industry Scheme where this is relevant to the exercise of the community facilities power.

• The Grant Recipient warrants to Homes England that it holds gross payment status for the purposes of the CIS (pursuant to paragraph CISR13040 of the Construction Industry Scheme Reform manual or otherwise) such that the Grant Recipient is entitled to receive payments under Construction Contracts without any deduction under the CIS.

• Payment certificates can be generated to accompany payments to subcontractors, and retention can be held back from these payments and released when they become due.Pegasus CIS also conforms to the requirements of HMRC Construction Industry Scheme for verification and month-end submissions for subcontractors.

• A dispute with HMRC following the issue of an assessment, written decision or notice of a civil penalty relating to the Insured's VAT affairs c Employer Compliance DisputeA dispute with HMRC concerning the Insured's compliance with Pay As You Earn, national insurance contributions or Construction Industry Scheme.

More Definitions of Construction Industry Scheme

Construction Industry Scheme means the provisions of Part 3 Xx 0 Xxxxxxx Xxx 0000 (the “FA 2004”) and the Income Tax (Construction Industry Scheme) Regulations 2005 (2005/2045) (the “Regulations”); Construction Products: means the Construction Products Regulations 2013 (SI 2013/1387), the Construction Products Regulation (305/2011/EU), the Construction Products Regulations 1991 (SI 1991/1620) and the Construction Products Directive (89/109/EC); Construction Programme: means the programme attached at Schedule 5 as may be updated from time to time and approved by the Tenant (acting reasonably); Consultants: means the Architect and the Employer’s Agent (in each case as defined in Schedule 1 Part 2) and any other consultant engaged by the Landlord (subject to the Tenant’s approval, such approval not to be unreasonably withheld or delayed) in connection with design and/or management of the Works; Contractor: means any of the following:

Construction Industry Scheme means the arrangements under Chapter 3 of Part 3 of the Finance Act 2004 (and regulations promulgated thereunder) (as amended from time to time) which provide for certain payments under construction contracts to be made under deduction of sums on account of tax;

Construction Industry Scheme means the current scheme under the Finance Act 2004.

Construction Industry Scheme means the provisions of Part 3 Xx 0 Xxxxxxx Xxx 0000 (the “FA 2004”) and the Income Tax (Construction Industry Scheme) Regulations 2005 (2005/2045) (the “Regulations”);