Member Since: 4th Jun 2019
4th Jun 2020
I have seen this alot recently! Its why accountants don't build houses and why a brick layer would be best using an accountant.
Unfortunately there is not alot you can do. Due to the way you have completed your returns you will of received an excessive refund/underpaid tax for each year you have been self employed.
Each case I have looked the amount they have underpaid in tax is in excess of the SEISS grant they would of received. I imagine HMRC may start looking into these at some point in the future.
18th Feb 2020
Currently only CIS deductions up to April 2019 would be available to offset against CT.
CIS deductions for the company should be reported via payroll on the monthly EPS. At the end of each tax year you can apply to offset the CIS deductions against CT or apply for a refund.
May 19 - April 20 CIS deductions will be unavailable for offset until the end of the current tax year.
14th Nov 2019
6th Aug 2019
If you call and mention the client is in need of this refund ASAP they may process it quicker for you. Twice last month I called to query refund times, the first time the lady on the phone offered to email the department dealing with the refund marking it as urgent and the refund was then received within 7 days(I had not heard of HMRC doing this before). The second time I called I requested HMRC do this and they did it no problem, again refund was then received within 7 days.
13th Jun 2019
Im not sure where you are going wrong, but this has been the easiest & quickest sign up process I have ever done with HMRC
Start by signing into your ASA account(Doing this first I have found to be essential). Then go to this link https://www.gov.uk/guidance/sign-up-for-making-tax-digital-for-vat and select 'Sign up your clients business' about half way down the page.
Follow on screen instructions and it should take you a minute or 2 at most to complete. Usually get confirmation emails with in 24 hours.
4th Jun 2019
He is hoping so! He never really understood what been a subbie was and it was only last year when someone else mentioned getting a refund that he looked into it and decided he should get some help.
Would you suggest trying to submit paper returns or trying to claim overpayment relief?