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Home / Simons-Taxes /Personal and employment tax /Part E5 Special classes of individual /Division E5.5 Subcontractors in the construction industry /Construction industry scheme—deductions on account of tax / E5.547H Construction industry scheme—interest on overdue amounts

E5.547H Construction industry scheme—interest on overdue amounts

Personal and employment tax

The harmonised interest regime (see A4.620) applies to interest on overdue construction industry scheme (CIS) payments for 2014/15 onwards¹. Interest is charged from the due and payable date (see E5.547A).

Years prior to 2014/15

If a contractor failed to pay to HMRC their CIS liability

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I4.265 Lifetime transfers reported late

B3.325 General exclusions—first-year qualifying expenditure

B3.340A Hire purchase of plant and machinery and similar contracts

I9.325 Foreign pensions free from IHT

B5.123 BPS—negligible value claims

E4.1118 Calculation and payment of tax due on retrospective income

I8.335 Valuation on death of partner in service

E1.1435 Appealing transactions in securities counteraction notices

B2.319 Duality of purpose—apportionment of the expenditure

I7.120A BPR and excepted assets

C3.305 Rollover relief—time limit for acquisition of replacement assets

C1.511 Use of Mansworth v Jelley losses

D1.404B Large company definition for R&D tax relief

I5.1122 More than one settlor (income tax and CGT)

I5.1212 Protector of a foreign trust

B3.306 Meaning of plant and machinery

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

B2.202 Capital receipts

D4.412 CFCs—excluded territories exemption

D1.1422 Calculating NGIE and ANGIE