Income Tax PAYE & CIS Amendment
The Income Tax (PAYE) and the Income Tax (Construction Industry Scheme) (Amendment) Regulations 2014 update regulations to improve the assessment, collection, and recovery of income tax for PAYE and the construction industry.
Created: 19 June 2024
Last Reviewed: 20 June 2024
Contents
Introduction
In 2014, significant amendments were made to the existing regulations governing the collection and management of income tax in the UK, particularly focusing on the Pay As You Earn (PAYE) system and the Construction Industry Scheme (CIS). These amendments, encapsulated in Statutory Instruments 2014 No. 472, aim to streamline processes, enhance compliance, and introduce new conditions for employers and contractors. The updated regulations come into effect on different dates in 2014 and 2015, with the goal of improving the efficiency and accuracy of tax collection.
Background and Purpose
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