A sub contractor who has been verified as gross has incorrectly had CIS deducted at 20%.
The CIS return for this payment has been submitted to HMRC.
How can I rectify this issue
Thanks
Replies (6)
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Unless the subbie agrees to take it on the chin, I think you'll need to get in touch with the HMRC office in Newry, the Venice of Ireland.
The adjective used to describe the peoples of Newry is Nyuk. pronounced as it is spelt. (They don't lke it)
I am having difficulty reconciling Venice and Newry in my head. Yes there is one canal in Newry, is that it?
To the OP - You didn't have the right to deduct so the supplier has to be paid. It's so long since i had anything like that to deal with that i can't remember the fix, but as the lion says - CIS in Newry or the helpline may assist.
I am having difficulty reconciling Venice and Newry in my head. Yes there is one canal in Newry, is that it?
I must have got the wrong impression by crossing the same canal a dozen times.
Pay the subcontractor the correct amount they should have been due.
Amend the contractor's monthly return accordingly.
Easy peasy.
What if this was in a previous tax year?
Well - was it or wasn't it? If you don't give all the relevant facts in your original question, don't expect a proper answer.
No - you don't submit a negative CIS tax deduction. If your software permits it, you file a replacement CIS300 return for the period in question with the gross subbie's tax deduction deleted.