How does sole trader subcontractor get their CIS deductions back?

How does sole trader subcontractor get their...

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Sole trader subcontractor has ceased trading 31/03/2012 - more accurately, they have traded as a limited company since. There were significant trade debtors at the year-end that have been satisfied since 06/04/2012. Should the trader's SATR in these circumstances show only the deductions made in the tax year and the remainder claimed via a form CIS40? I am thinking that this (wrongly) suggests a going concern at 06/04/12. Am I over-thinking this?

Thanks in advance during these hardworking and slightly stressful times

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By User deleted
27th Jan 2013 14:15

I would say ...

... use CIS40, it is only because CIS is reported when the payment made, not when the work is done that has caused the problem - it is a bit like reclaiming post de-registration input VAT - In my opinion!

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By andy.partridge
28th Jan 2013 10:42

Agreed

I was hazily thinking that it might be different for the cessation year but I guess there is no real reason why it should be! 

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