Whilst there are no penalties for over operating CIS there is now the VAT Reverse Charge to consider so HMRC have at least two chances to challenge treatment.
So, if a builder gets a call from a previous client about a leaking pipe and subcontracts this to a plumber, this would be outside of CIS unless the pipework is, for example, behind plaster and this access damage is subsequently made good?
It's specifically mentioned in HMRC guidance so should be ok!
Your business could be adversely affected by coronavirus if, for example:
• you’re unable to work because you:
• are shielding
• are self-isolating
• are on sick leave because of coronavirus
• have caring responsibilities because of coronavirus
• you’ve had to scale down, temporarily stop trading or incurred additional costs because:
• your supply chain has been interrupted
• you have fewer or no customers or clients
• your staff are unable to come in to work
• one or more of your contracts have been cancelled
• you had to buy protective equipment so you could trade following social distancing rules
I've done the same in terms of pointing clients to official guidance and reputable opinion whilst making it clear that to claim or not to claim is their decision.
I've done the same in terms of pointing clients to official guidance and reputable opinion whilst making it clear that to claim or not to claim is their decision.
So, anyone buying PPE required to continue working would be able to make a claim based on additional costs incurred relating directly to Coronavirus irrespective of a change in sales/profitability?
My answers
Why do they have such a problem with the simple things like bulk allocation of credit notes/applying credit notes as part of 'find and match'?
It's been a requested feature for years with no progress...... not even on the 'roadmap'.
Whilst there are no penalties for over operating CIS there is now the VAT Reverse Charge to consider so HMRC have at least two chances to challenge treatment.
Only if the work done is within the Construction Industry Scheme.
Very helpful article.
So, if a builder gets a call from a previous client about a leaking pipe and subcontracts this to a plumber, this would be outside of CIS unless the pipework is, for example, behind plaster and this access damage is subsequently made good?
Any update from HMRC regarding this?
It's specifically mentioned in HMRC guidance so should be ok!
Your business could be adversely affected by coronavirus if, for example:
• you’re unable to work because you:
• are shielding
• are self-isolating
• are on sick leave because of coronavirus
• have caring responsibilities because of coronavirus
• you’ve had to scale down, temporarily stop trading or incurred additional costs because:
• your supply chain has been interrupted
• you have fewer or no customers or clients
• your staff are unable to come in to work
• one or more of your contracts have been cancelled
• you had to buy protective equipment so you could trade following social distancing rules
Thanks for the reply.
I've done the same in terms of pointing clients to official guidance and reputable opinion whilst making it clear that to claim or not to claim is their decision.
Thanks for the reply.
I've done the same in terms of pointing clients to official guidance and reputable opinion whilst making it clear that to claim or not to claim is their decision.
So, anyone buying PPE required to continue working would be able to make a claim based on additional costs incurred relating directly to Coronavirus irrespective of a change in sales/profitability?
A story in the Times yesterday stated that just five people have been convicted under money laundering regulations in ten years..........