HMRC has published guidance on penalties applicable when the authority issues determinations under sections 62A or 62B of the Finance Act 2004 relating to the Construction Industry Scheme. The factsheet details the financial consequences for businesses and individuals who deliberately fail to comply with CIS payment obligations or submit non-compliant returns. This guidance applies to contractors and subcontractors operating within the construction sector who are subject to CIS regulations.
Source: HMRC (GOV.UK) – Read the original