Budget 2007

Construction Industry Scheme

From 6 April 2007

• New verification process replaces registration cards and certificates
• Rate of deduction 20% for registered contractors or 30% for unregistered contractors.

Pre 6 April 007

• Rate of deduction 18% if no gross payment certificate held.

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.