Regulation 18 Small paymentsI1
United Kingdom
A payment under a construction contract is not a contract payment if—
the conditions prescribed in paragraph (2) in relation to the person making the payment are satisfied, and
the condition prescribed in paragraph (3) in relation to the payment is satisfied.
The conditions prescribed in relation to the person making the payment are that—
the person is one to whom any of paragraphs (b) to (l) of section 59(1) of the Act (contractors) applies, and
the person has been approved by the Commissioners for Her Majesty’s Revenue and Customs for the purposes of this regulation.
The condition prescribed in relation to the payment is that the payment is not one made under a construction contract in respect of which the total payments so made (excluding the direct cost of materials) exceed or are likely to exceed £1000.