United Kingdom Statutory Instrument
The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1992
The Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975 (as amended) allow certain contractors to pay the deduction imposed by section 559 of the Income and Corporation Taxes Act 1988 on payments to sub-contractors (“the statutory deduction”) to the Inland Revenue quarterly rather than monthly. The contractors in question are those whose average monthly payments of Pay As You Earn (“PAYE”), National Insurance Contributions (“NIC”) and the statutory deduction are expected to be less than £400 in total.
Document details
- Link to document on publisher's website
- The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1992 from King's Printer of Acts of Parliament
- Document type
- United Kingdom Statutory Instrument
- Date published
- 28 April 1992
- Last updated
- 21 May 2024
- Published by
- King's Printer of Acts of Parliament