CISR82130 | Compliance: Regulation 13 determinations: CIS deductions from trading income

When a contractor has paid the amount charged in a Regulation 13 determination, a deduction may be allowed in arriving at the deduction in accordance with the Construction Industry Scheme (CIS) rules, as set out in the Income Tax (Trading and Other Income) Act 2005 and HMRC’s CIS340 guidance.

This applies only to the amount charged on the determination and not to any interest or penalty charged.