The Income Tax (Sub-contractors in the Construction Industry) (Amendment No. 2) Regulations 1995

Statutory Instruments

1995 No. 448

INCOME TAX

The Income Tax (Sub-contractors in the Construction Industry) (Amendment No. 2) Regulations 1995

Made

22nd February 1995

Laid before the House of Commons

27th February 1995

Coming into force

6th April 1995

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 566(1) of the Income and Corporation Taxes Act 1988(1), hereby make the following Regulations:

1.  These Regulations may be cited as the Income Tax (Sub-contractors in the Construction Industry) (Amendment No. 2) Regulations 1995 and shall come into force on 6th April 1995.

2.  In regulation 13 of the Income Tax (Sub-contractors in the Construction Industry) Regulations 1993(2)—

(a) in paragraph (1) the words “, despite demand being made,” shall be omitted;

(b) in paragraph (6) for the words from “the amount so unpaid” to the end there shall be substituted the words

• “the amount so unpaid—

  (a)

  shall be deemed to be an amount which the contractor was liable to pay for that income tax period in accordance with regulation 8 or 9, and

  (b)

  may be certified by the collector.”;

(c) paragraph (8) shall be omitted.

S. C. T. Matheson

G. H. Bush

Two of the Commissioners of Inland Revenue

22nd February 1995

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend regulation 13 of the Income Tax (Sub-contractors in the Construction Industry) Regulations 1993 (S.I. 1993/743). They abolish the requirement that the collector first make a demand for amounts liable to be paid by the contractor to the collector under the Regulations before issuing notice of the specified amount to be paid by the contractor. They also remove the requirement that the specified amount should be certified by the collector as an amount of unpaid tax.

(1)

1988 c. 1.

(2)

S.I. 1993/743.