Construction Industry Scheme (February)
Timings: 09.30-12.30 (UK time)
AAT Masterclass: Understand the Construction Industry Scheme: roles, responsibilities, and recent changes.
Additional winter sale discount for FMAAT members: From £57 (Non-members £88)
You will be redirected to an external site for booking.
Course Type
Live online course
Date
11 Feb 2025, 09.30
Length
1 - 3 hours
What you’ll achieve
This masterclass will provide you with expert advice on all the latest CIS updates, including:
- an in-depth analysis and a full overview of the practical impact of tax and CIS
- illustrations of the CIS tax planning opportunities available
- understanding the parameters for when CIS tax should be applied
- an update on the latest regulations to advise your clients accurately.
- An understanding of real-life case study examples to best explain the practical impact of tax
- Supported throughout with comprehensive course documentation.
About this course
This very practical masterclass will provide a detailed insight into how the Construction Industry Scheme works in practice and fully explains the tax responsibilities and roles of both the contractor and subcontractor. Recent changes will be clarified. Additionally, planning opportunities will be considered.
This session is ideal for all those working in practice with clients in the construction industry in addition to all finance professional who work require an understanding of the construction industry scheme as part of their roles.
Meet the Speaker(s)
Tim Palmer
Tim Palmer
Tim Palmer is one of the UK’s best known and popular tax presenters. He lectures frequently all over the UK, three or four times a week on a wide variety of taxation topics. He has been presenting tax lectures for over 30 years now! He also writes regular magazine articles for the leading taxation publications.
Alongside his lecturing, Tim also provides tax consultancy services, and specialist tax advice. Previously Tim Palmer was a senior Tax Manager with Howarth Clark Whitehill LLP, advising on all areas of tax and NIC for the firm to their clients. He was also a member of the tax department of P&O where he specialised in Corporation Tax and the Construction Industry.
Read moreOverview
Live online course |
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1 - 3 hours |
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Construction Industry Scheme |
Syllabus
In this masterclass you will learn:
- The impact of the October 2024 Budget on the construction industry
- The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime
- The recent income tax changes that affect CIS
- The changes to National Insurance
- Is a builder really trading in property – the current position
- The recent changes to the construction industry tax regime
- Corporation tax changes
- What is a deemed contractor?
- Verification and the steps contractors have to take
- The dealings the contractor will have with HMRC
- The monthly CIS return: its completion and filing
- The impact on the subcontractor
- How to reclaim CIS deductions under the new regime
- Is the subcontractor really self-employed?
- Current problems facing contractors and subcontractors
- What really are construction operations
- Case studies
- CIS tax planning opportunities available
- Current IR35 issues facing the construction industry
- Design and build
- Practical CIS planning
- General overview.
How to access
Purchase securely online, and we’ll send you further instructions and your receipt explaining how to access the training ready for the live training.
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