Construction industry tax refresher and planning (February 2024)


AAT Masterclass

Stay on top of the latest changes to the Construction Industry Scheme tax regime.

More Information
About this course

Led by industry expert Tim Palmer, this practical masterclass provides a comprehensive understanding of how the Construction Industry Scheme works in practice.

You will gain insight into the tax responsibilities and roles of both contractors and subcontractors. The session will also focus on recent changes to the scheme, ensuring clarity for all attendees. Furthermore, the masterclass will explore various planning opportunities related to the Construction Industry Scheme.

Type Video on demand
Duration 1 - 3 hours

Introduction to Construction Industry Scheme (CIS)

  • CIS tax responsibilities of contractors and subcontractors
  • recent changes to the construction industry tax regime.

Contractor's responsibilities and HMRC dealings

  • verification and steps contractors must take
  • monthly CIS return: completion and filing
  • impact on subcontractors
  • reclaiming CIS deductions.

Understanding construction operations

  • what qualifies as construction operations
  • determining who is within the scheme and who is not
  • case studies.

CIS Tax planning and opportunities

  • planning opportunities under CIS
  • current IR35 issues in the construction industry.

Other considerations

  • self-employment status of subcontractors
  • problems faced by contractors and subcontractors
  • are builders trading in property?
  • design and build projects.
What you'll achieve

You will come away with a thorough CIS tax update and an understanding of the CIS tax planning opportunities available. Case studies will be used to illustrate key points, and comprehensive course documentation will be provided.

Who it's for

This session is ideal for all those working in practice with clients in the construction industry, in addition to all finance professionals who require an understanding of the construction industry scheme as part of their roles.

How to access

Once purchased you'll be able to access the AAT Learning Portal where you'll have 12 months from the date to access the learning materials. AAT Learning Portal allows you to view all the courses you've purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.

Topic Construction Industry Scheme

Meet the speaker: 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.

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