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Home / Simons-Taxes /Personal and employment tax /Part E5 Special classes of individual /Division E5.5 Subcontractors in the construction industry /Construction industry scheme—deductions on account of tax / E5.547K Construction industry scheme—in-year repayment of provisional excess credit
Commentary

E5.547K Construction industry scheme—in-year repayment of provisional excess credit


Personal and employment tax

HMRC can make an in-year repayment of provisional excess credit paid under the construction industry scheme (CIS) if1:

  1. Ìý

    •ÌýÌýÌýÌý the subcontractor is an individual or a firm

  2. Ìý

    •ÌýÌýÌýÌý an application is made to HMRC by that individual or by a partner in that firm (the applicant)

  3. Ìý

    •ÌýÌýÌýÌý any income tax and Class 4 national insurance contributions due from the applicant or from the subcontractor on the applicant's share of the annual profits or gains arising or accruing from the trade, profession or vocation of the subcontractor for any earlier year have been paid, and

  4. Ìý

    •ÌýÌýÌýÌý all relevant

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Web page updated on 17 Mar 2025 13:44