The new CIS scheme is being introduced with effect from 6 April 2007.
HMRC has announced that the standard tax to be deducted will increase from 18% to 20% (probably to help with their cash flow). The deduction rate for unregistered subbies has been set at 30%.
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if you are a contractor, make sure your records show that your subbies are paid for piecework and have the right to substitute
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