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CIS Gross Payment Status

There has recently been an update to eligibilkity to gross payment status under CIS.

The basic rule remains that a business need to have turnover of at least the lower of £100,000 or £30,000 per directors / partner to be eligible for gross payment status.

In addition to being compliant in terms of submission of self assessment returns, CIS returns and corporation tax returns, the company now needs to be compliant with VAT returns and VAT payments.