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CIS an expensive anachronism
This was discussed at the House of Commons Public Accounts Committee last week. HMRC Chair said the industry liked it.
View it below (but move to 2 hours and 18 mins before it is mentioned)
http://www.parliamentlive.tv/Main/Player.aspx?meetingId=13948
@John
I like the way you said "It was discussed" Let's hope Skanska really do have a pop, perhaps if Molem and Carrilion joined in we might get somewhere. My feeling is the abolishing of CIS will never happen cos it's too much of a money spinner one way or another for HMRC. I bet at least 10% of limited company refunds were linked with having to send documents to Long Benton. Nice form of investigation.
It is our own fault.
What is it with my friends?
You all moan similar to five year old denied his sweeties-
But get together and institute a sample claim against HMRC- No way Hosea-.
I think most of you would rather eat worms than join together to attack this issue.
Most MPs use our professional services- why are you not letting your MP client know what is going on?
NOT "Working Together"
What is it with my friends?
You all moan similar to five year old denied his sweeties-
But get together and institute a sample claim against HMRC- No way Hosea-.
I think most of you would rather eat worms than join together to attack this issue.
Most MPs use our professional services- why are you not letting your MP client know what is going on?
Working Together was on the case sometime ago, but seem to have lost interest or maybe have realised that it's too much trouble to "Make waves" and "Rock the boat".
That's what happens when advisors trust their "superiors" / "professional representatves" to get on with things - or NOT get on with things as it appears to turn out in this instance.
Working Together
I think that I could be forgiven for taking offence at DMGbus's comment "That's what happens when advisors trust their "superiors" / "professional representatves (sic)" to get on with things - or NOT get on with things as it appears to turn out in this instance". We are pursuing this and other issues brought to us by our members and I would remind DNGbus that our time is given voluntarily.
@David Franks
So is the Chair of the Public Accounts Committee but seems to live in cloud cuckoo land saying that she is getting letters of support for CIS (the letters were not of support just mail). When you're up against that you got no chance. HMRC make it up as they go along.
Waht we really need Mr Gordon is a high flying whistle blower in HMRC then they can't make it up.
Why is company CIS based on the tax year?
Back in the good old days when all PAYE and CIS was done on paper, employer and contractor annual returns were prepared to 5th April. So all subbie companies had to submit claims based on 5th April. But today CIS returns are made monthly - there is no annual CIS return. And RTI is also monthly - the abolition of the PAYE annual return was one of the big benefits that HMRC claimed when launching RTI. So if neither CIS nor PAYE are annual, why must a company subbie have to claim based on 5th April? Surely company subbies should be able to claim back the credit every month? So April 2013 should be credited May 2013 and not December 2014 (based on current timescales). Come on HMRC - catch up with your own RTI!