The Joke of CIS Tax and Limited companies
Anyone else fed up to the back teeth with the pathetic method HMRC adopts in paying CIS tax suffered to limited companies? Daft question, I'm sure there are.
Yet another client of ours waiting for THEIR money to arrive from HMRC for tax suffered, 3rd phone call to HMRC only to be told that they're currently dealing with post from the end of May - its the 16 August! I'm sure pretty much every accountant had pulled their hair out over this, isn't it a disgrace that companies have to not only submit their P35 to reclaim tax suffered and write in complaining of 'hardship' that they have to then wait 4, 5, 6 months for their hard earned money to be send out. Imagine it was the other way round? HMRC would have debt officers at the door demanding payment. And why should they have to write in anyway? Surely a P35 is sufficient? Computer system identifies tax due; computer system agrees with this; computer system issues repayment; clients bank account credited within three days; happy customers.
One rule for one etc, its about time something was done about this!
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- Changing shareholding ratio 192 7
- Quick Income tax calculation question! 430 15
- Cashflow forecasting software 63 2
- Inflation and fees 1,084 19
- What happens when a customer with PPD pays late? 92 2
- Capital allowances not claimed 54 2
- Becoming a subcontractor to Accountancy Practices 244 1
- Community Interest Company 111 3
- Redundancy Pay 397 5
- Physiotherapy 143 2
- Advice please! 291 1
- Unusual marketing ideas for accountants 676 6
- Do we have to honour her notice? 589 5
- Stand alone practice management software 1,275 21
- SSAS Pension scheme 105 1
- Sage Cheque Printing - Still in the dark ages! 100 1
- HMRC interview re client authorisation 327 2
- Cost of demolition of a shed - revenue or capital? 579 13
- Do I need to see receipts ? 766 11