Accounts received for year to 03/09 show payments made to subcontractors throughout the year with 20% deducted
Problem is client Ltd Co is not registered with HMRC as contractor, has not paid over deductions and doesnt have all details of subcontractros anyway.
Client is happy to pay the CIS to HMRC - any ideas as to how best to achieve this without penalties etc for late CIS payment ?
Anon
Replies (4)
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I agree
Sometimes there is the need in here though to be so, just to empahise the point you are trying to get over to some of the sheep in here.
I hope they too, through the book at your client for being a waste of space. I would be getting my money up front from them for my services.
What if you weren't so patronising...
Penny - I agree that the posting isn't exactly clear but you (& others) regularly patronise posters and this is going to put people off using the site.
If you don't want to help or can't help then why patronise?
What if ...
Ignoring the fact that they havent been declared as such, what's to stop the net payments being grossed up to 100%, charged to dividends and corporation tax paid on the profits created - the taxman gets his tax (21% v 20%) and if the shareholder then has a private arrangement with someone else .........
you know it makes sense
ltd writes a letter to hmrc
dear sir
i am stupid
very sorry these are the facts
yours faithfully
ltd co