principles

Principles of HMRC’s Construction Industry Scheme

Whilst IR35 is applicable to Directors in the contracting enterprise, self-employed and small businesses, Construction Industry Scheme (CIS) relates to the construction sector. The idea of it all is that contractors and also subcontractors pay the correct amount of taxes through a systematic process of collection and payment.
Should you indulge in the construction or if you are a subcontractor working for the contractor construction business, you are not exempted from paying taxes. The HM Revenue and Customs (HMRC) is the implementing authority of CIS, which delineates the relationship of contractors and subcontractors regarding taxation and compliance. Specific procedures are policed by the tax office about how payments are done to the subcontractors by the contractors.
Contractor’s duties are above and beyond paying subcontractors, submission of monthly returns to HMRC and enrollment with the CIS. They also incorporate making sure that subcontractors are listed with the HMRC, providing subcontractor deduction statements and storing accurate data. On the flip side, subcontractor ought to register with the HMRC like having his own business and continue to keep the tax office up to date from modifications with the pertinent information like business address, partners, business name etc.
A simple definition of contractor and subcontractors under CIS will help us grasp the framework of the scheme. A contractor is the individual who involves subcontractors to work for him in the construction business, whereas a subcontractor is definitely the one who consents to complete construction work and who receives payment from the contractor. Subcontractor is just not limited to being self-employed, a small business firm, cluster of individuals or maybe a labour company. It could actually go in so far as foreign business company to accomplish construction task for contractors.
When should CIS apply? Whenever a subcontractor agrees to do the job for the contractor, the existing contract between the two does not correspond with employment commitment but to Types Of Contract In Construction Management work only. This is where CIS enters, when the construction work consists of a contractor along with a subcontractor. Any payment done placed under construction contract certainly is the domain of CIS.
On the other hand, those entities that have a huge spending on construction and yet whose companies are not relevant to the industry may fit into CIS. They are identified as “deemed contractors”, which can consist of banking companies, government divisions, retail stores, brewers and property investment businesses. If any of them comes with an annual expenditure for a minimum of A�1 million each year for three years on construction, similar guidelines apply as the “mainstream” contractors.
Nonetheless, there are a few exceptions. Every time a business is categorized under deemed contractor and not a public entity, can do payments that happen to be beyond the scope of CIS. HMRC identifies those payments that are made for construction work intended for the business per se, any company with a same group as your personal and not a mainstream contractor and then for any enterprise wherein your company owns …

Real World Applications of the Principles of Geometry

I just recently wrote an article on the everyday uses of Geometry, and found myself having to admit that there are many more visible, understandable to everyone applications of Geometry than there are for Algebra. This is very hard for a retired math teacher whose teaching preference was always Algebra to admit! Algebra students are constantly asking, “When are we ever going to use this?” Even when given credible answers to that question, they still only believe that SOMEONE will use Algebra, but it will never be them. Things are much different with Geometry. There are a hardened few who feel it is their duty to ask “the question” in every math class they take, but for the most part, students can see that Geometry is everywhere. Adults, after looking at a description of just some of the everyday uses of Geometry, will virtually all admit that they do, indeed, use it everyday.
So as not to repeat everything I said in the “Everyday Uses” article, I am going to look at some specific industries and the ways that Geometry is critical to their success.
3 Real World Applications of the Principles of Geometry:
1. The Construction Industry. Whether the purpose is to build a storage building in your back yard, a single family home, a new highway, a high-rise office complex, or the bridge by-passing Hoover Dam, the construction industry simply could not exist without the principles of Geometry. The entire industry relies first on engineers to design and plan the actual course of the job at hand. For example:
In Colorado Springs, we have had two major intersections in serious need of re-design due to high accident/death rates and major traffic problems. One project was finished a couple years ago, and the second is close to completion. In both cases, the solutions provided by each engineer called for having one road go over the other. Once the designs were approved, the actual New Construction Enterprise, Al has proceeded like a finely tuned machine. All work had to be done while keeping the roads open to traffic. The project nearing completion is near my home, so I have been able to watch each step in the construction plan and it has been fascinating to watch mathematics at work.
From the initial land survey, to rough layout with earth movers, to drainage work, to paving temporary lanes for traffic adjustment, to pouring concrete, to removing the old road, to working with local businesses to keep entrances accessible, to constantly painting new lines as traffic needed to be re-directed, to blocking nearby roads when ramps needed to be finalized, to actually painting the new bridge (much of it actually hand painted), to putting up traffic signals with associated new lines to properly direct traffic, to what will be final clean-up and even landscaping–each step is an application of Geometry. Linear measures, area calculations for paint, volume calculations for concrete, strength calculations for upright supports, angles, shapes, distances, curve calculations (they don’t …