The following table provides an estimated breakdown of the annual cost to industry of operating the Construction Industry Scheme.

£m

Contractors

Regular compliance, to include

• verification of subcontractors with HMRC and recording deduction rates;

• entering subcontractorsʼ details into the accounting system;

• amending subcontractorsʼ details for deduction as advised by HMRC;

• establishing whether work done falls within scope of CIS;

• checking invoices received for materials/deductible elements of charge, validating and recording;

• reviewing deductions made from weekly payments;

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