Have you considered incorporating the practice and having the qualified accoutants with a 51% shareholding - this works for ACCA so may be same for ICAEW. Maybe an option.
Seems to be a lot of people who do PDF's - which is what I would prefer to do.
But what about signed copies how do you get round this - do clients print a copy sign it and send it back?
At the end of a job we always send accounts out for signing - some in a folder.
What about accounts for Companies House - are they sent hard copy and what about signing?
To clarify matters - the granddaughter was definetly the purchaser she chose the property and engaged the lawyers to purchase it and the property is registered in her name. The grandmother only provided the funds.
Are activities definitely CIS
Had a similar problem recently and client was issued with tens of thousands of pounds of CIS fines for late registration (automatically genereated by computer in about 60 or 70 envelopes which gave client a bit of a scare) - they had deducted (at the request of the subcontractor) and had paid over tax but not submiited any CIS returns.
We got involved and reviewed actual activities of subcontractor and these fell outwith CIS scheme - succesfully argued with HMRC and all fines were cancelled.
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Thanks in advance
Thanks for all your input.
Have phoned Advice Line to 'get if from the Horses mouth'.
They have confirmed as i and others thought that the invoice issued date is the relevant date for breach of registration limit.
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They used to provide a free evaluation copy - you could try their website.
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Have had this in the past. Had to explain it in detail to one inspector but he did approve the refund in the end.
Thanks for all your comments. Most people seem to agree with my thinking on the NI overpaid.
However has anyone had any experience in recaliming the tax overpaid.
Subcontractor has been assesed on earnings and received credit for amounts deducted under CIS scheme.
He would have then paid any balance due.
Should he now not be credited with the futher tax paid on his behalf by the employer? (i.e tax at normal rates less CIS tax at 18%)
If he is he will then be entitled to a refund surely?