Statutory Instrument 1992 No. 1065

The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1992

---

© Crown Copyright 1992

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Royal Arms and the Queen's Printer imprints.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. The authoritative version is the Queen's Printer copy published by The Stationery Office Limited as the The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1992, ISBN 0110240650. Purchase this item. For details of how to obtain an official copy see How to obtain The Stationery Office Limited titles.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1992 No. 1065

INCOME TAX

The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1992

The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 566 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) Regulations 1992 and shall come into force on19th May 1992.

    2.    In regulation 7A(2) of the Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975 (as amended^[2]) for "£400" there shall be substituted "£450".

L.J.H. Beighton

C.W. Corlett

Two of the Commissioners of Inland Revenue

28th April 1992

The Income Tax (Sub-Contractors in the Construction Industry) Regulations 1975 (as amended) allow certain contractors to pay the deduction imposed by section 559 of the Income and Corporation Taxes Act 1988 on payments to sub-contractors ("the statutory deduction") to the Inland Revenue quarterly rather than monthly. The contractors in question are those whose average monthly payments of Pay As You Earn ("PAYE"), National Insurance Contributions ("NIC") and the statutory deduction are expected to be less than £400 in total.
These Regulations raise the amount of £400 to £450 with effect from 19th May 1992.

[1] 1988 c. 1. back

[2] S.I.1975/1960; regulation 7A was inserted by S.I.1991/1081 regulation 4. back