What are Company - Authorisation of Disclosure Form CIS325 and Authorise Disclosure of a Partnership Form CIS324?
Understanding Company Authorisation of Disclosure Form CIS325
The Construction Industry Scheme (CIS) form CIS325, known as the "Company - authorisation of disclosure," plays a pivotal role within the UK's construction industry. It enables HM Revenue and Customs (HMRC) to disclose compliance failures of directors or beneficial shareholders to the company secretary. This form is particularly crucial when a company applies for gross payment status or during the scheduled review of this status, ensuring transparency and accountability at the top management level.
