The FR has opened Consultation CP39 on removing the requirement for CIS to be audited on a change of service provider. It proposes to:

  • remove the requirement for CIS to be audited on a change of service provider;
  • include a notice requirement on a change of trustee, that the next audited accounts of the CIS include a report from the old and new trustee covering their respective periods of appointment.

The consultation closes on 7 August