A CIS contractor noticed a mistake of a return - a payment to a subcontractor made in January was left out. Good complince sofar. I am about to submit an amended return. What are the likely consequences? :-(
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A CIS contractor noticed a mistake of a return - a payment to a subcontractor made in January was left out. Good complince sofar. I am about to submit an amended return. What are the likely consequences? :-(
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I don't think there are any consequences other than if they are a limited company you'll need to amend the refund request or pay the additional CIS due. You might have a bit of interest to pay on any CIS due.
What tax year?