a painter/decorator client who i just met wants to claim back (part way through the year) the cis tax he has paid as he wants to go to Uganda for 6 months. He earnt around 8K and paid 20% on this so he is due a refund. He wants the money to have funds to buy the air fare. Apparently his mate gets refunds every 6 months?!
is this simply pub talk or am i missing something? can it be done and how?
thanks in advance for your comments and apologies if i am wasting your time, which i think i am!
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in year refund
A subcontractor who is an individual sole trader or partner may be entitled to have deductions repaid in-year once the accounting period, which determines the profit for the year, has ended. To cklai
To claim refund, complete CIS40 or CIS41 for partnership record.