HMRC have issued the latest round of one-to-many letters, focusing on Construction Industry Scheme Insurance Sector Registrations.
- HMRC's latest one-to-many letter campaign is aimed at large insurance-sector groups whose businesses may involve the commissioning of 'construction operations' either:
- Directly.
- Or through a loss adjuster.
- The one-to-many letters aim to:
- Prompt businesses to consider their obligations under the Construction Industry Scheme (CIS).
- Boost the number of large insurance businesses registered for CIS as 'deemed contractors' and improve overall tax compliance within the sector.
- The letters emphasise that insurance sector groups commissioning 'construction operations' and spending over £3 million in any rolling one-year period must register for CIS as 'deemed contractors'.
- Deemed contractors have 90 days from the date of the letter to register for the CIS and start making deductions from contract payments, along with other obligations under CIS.
Useful guides on this topic
CIS: Contractors and Subcontractors
What is the Construction Industry Scheme? Who does it apply to? How does it work?
CIS repayments: Top 10 tips
What are the ten top tips for companies that make repayment claims under the Construction Industry Scheme (CIS)? How do I make a CIS repayment claim?
CIS helpcards: to claim repayments
HMRC produce a helpcard for companies who are Construction Industry Scheme (CIS) subcontractors together with its Top Ten tips in making a successful repayment claim from HMRC.
External Links
HMRC One to Many letter: Construction Industry Scheme Insurance Sector Registrations
