The Income Tax (Sub-contractors in the Construction Industry) (Amendment) Regulations 1993
These Regulations, which come into force on 6th April 1993, amend the provisions of the Income Tax (Sub-contractors in the Construction Industry) Regulations 1975 (as amended) (“the Sub-contractor Regulations”) which relate to interest on any amount which a contractor in the construction industry is liable under the Sub-contractor Regulations to pay to the Inland Revenue but which remains unpaid (“an unpaid amount”).