Client is both a contractor and subcontractor and employer. There is a credit balance unallocated in tax year 1920. Client wishes to use it to offset against 20/21 paye/cis liabilities. HMRC say this cannot be done. This couldnt possibly true, is it? Any thoughts? They mentioned it must be claimed by iform. What is this? But surely there is a mechanism to carry forward and use against 20/21 liabilties.
Thanks in advance!