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!
- Bookkeeping Rate of Pay 2,660 38
- How to claim relief under a Double Taxation Agreement 284 6
- Tax implication on superannuation 177 3
- What's the Barmiest Reason A Client gave you for going? 2,550 25
- GRNI - Normal Balance 65 2
- Entrepreneurs Relief, and then new company 207 3
- Portuguese Resident having a UK Limited Company 219 8
- Tax Fines - HMRC 811 13
- Taxi Drivers Cost of Sale 96 2
- Is Xero payroll as rubbish as I suspect it is? 1,296 24
- VAT - Check on clients business 907 37
- Second Limited Company 116 1
- Digital tax accounts - what do we expect? 492 10
- Private doctors - Ltd company vs partnership 290 8
- Probate services 367 7
- Annual to At Least Quarterly 493 20
- trading losses allowable? 758 14
- Post AAT? 689 3
- Small amount of untaxed royalties for someone outside SA 141 1
- Treatment of valuation fee for IHT. 194 2