Construction Industry Scheme 
Added : 6th June 2008
Herminder Sandhu
HMRC have introduced a sensible amendment to the CIS regulations with regard to the compliance conditions that need to be met by a contractor/sub-contractor on applying for gross payment status. This amendment comes into force from 3 June 2008. It will mean that if a contractor/sub-contractor has not paid (or has paid late) an amount up to £100, HMRC will now treat this as having satisfied obligations under the CIS gross payment conditions.
Herminder Sandhu at Regional Business Advisers Cooper Parry said, “this will stop the unnecessarily harsh practice of removing gross payment status even where a relatively minor failure has taken place such as late payment of a £100 penalty.”
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