Threads / Construction Industry Scheme Reform / Extension of security deposit legislation
Consultation Outcome Published 6 Jul 2018 HM Revenue & Customs HM Treasury ↗ View on GOV.UK

Extension of security deposit legislation

We are seeking views on extending the existing securities regime to Corporation Tax and Construction Industry Scheme deductions.

Opened 13 Mar 2018
Closed 8 Jun 2018
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The government announced at Autumn Budget 2017 that it will introduce legislation in Finance Bill 2018 to 2019 to extend the current scope of security deposit legislation to include Corporation Tax and Construction Industry Scheme deductions. This will take effect from April 2019.

We are seeking views on HMRC’s proposals for implementing this change to ensure that it is introduced in the most effective way, that the legislation is targeted, and that there are appropriate safeguards.