Thanks, eventually. Read the question properly ppl
Fair point, I really dont have a duty of care to ex-director.
Will be making claim for my client, putting together evidence as I see fit and then argue the toss with HMRC about company not going under. (though it still might)
An admission at last Its refreshing to have a HMRC person tell the truth and not just the party line or brush over what is happening internally.
Other than the obvious mess of HMRC software which appears sorted out in the main. Though all refunds requested on returns are being ignored and have to be processed via Online Services, 20% of them wont work after repeated attempts, then having to request a manual intervention over the phone. Crikey I use net and software to be efficient not to wate more of my time.
All my clients affected are CIS contractors, we do a fiar few but we dont specialise in it. Anyway a chatty HMRC person has informed me that all cis cases are being manually verified as to identity and level of deduction, refunds in comparison to previous years, mini enquiry type thing. Reason, a) lots are currently not working and may be tempted to defraud b) last year significant tax went walkies as EC workers over claimed and legged it.
This cross referencing of CIS per return and contractors filed records has to be done manually as CIs and SA systems arent integrated. This could take a while!!
How many CIS cases are there, I would guess 250,000.
its larger now The current status has moved on its more like 45k, 20 clients, though 1 is huge as sole trader who can t offset his own CIS while deducting from his subbies. Average is probably 1800 and they almost all work away from home hence more than a few quid.
But not 1 refund, oldest is now 9 April. Most of these guys are in dire times and need to money.
Sob Well here we are 14 days later. refunds not a sausage.
All returns now captured correctly, bar 1. And cant get anyone to sort that one out for me.
No refunds processed automatically as per returns. All processed via online services, 50% failed, had to do them twice. Strangely they have all been "randomly" selected for security review. ALL OF THEM!!!
I am beginning to get my cynical head on here and think HMRC are hanging onto cash.
Yeehaa I can only say yippee if this is what causing my problems.
Current status is roughly £30k of refunds due to clients, and of course our fees from them.
Our status is and frustration thereon;
1 client repayment issued hasnt turned up in over 3 weeks 8 clients, done on Iris, all captured wrongly 4 clients, done using HMRC portal, all received but not showing as processed (its meant to be instant or at most 24 hours)
an answer? Tried my luck with a different office, different client same problem. This time I got something of an answer.
HMRC on screen statement when looking at capotured tax calculation reads "some details may have been changed by HMRC systems, calculations may appear to be incorrect" Reassuring NOT.
A more helpful lady, keen as mustard and seemingly tenacious. She went off found a workround and phoned me back. That particular client is fixed but overall this is a problem for ALL Iris users, or at least with refunds.
Iris users have to tick option to self assess to be able to file online, set in stone afaik otherwise return simply doesnt run. Conversely HMRC systems when presented with a self assessed return are arbitrarily changing tax deducted at source to the tax due rounded up to the nearest penny, hence my small refunds.
Problem now escalated to online services, I will also put something into Iris as this likely to be problem at both ends not one.
Ta for reply Better clarify with a bit more information.
I have losses bfwd from start of business (pre trading) rolled up over 3 years of circa £0.5m. Trade started during year 4 but development continues.
Year 4, was modest loss and R&D claim made by previous accountant. Year 5, modest profit, no claim made, still previous accountant. Year 6, reasonable profit, now our job.
Personally I think years 1 - 3 could have been looked at closer, under pre trading rules but cant do anything about that now.
So I have qualifying expenditure in year 5 & 6 but profits in both. Enhanced expenditure will push 5 into a loss but hardly worth bothering over.
So question is can I use the 500k of brought forward. My interpretation is not.
My answers
Thanks all
Further reading required, but happy that I have got some sound advice (and some whacky stuff). Will progress on this in coming weeks.
Thanks, eventually. Read the question properly ppl
Fair point, I really dont have a duty of care to ex-director.
Will be making claim for my client, putting together evidence as I see fit and then argue the toss with HMRC about company not going under. (though it still might)
same here
.. last 2 days it getting on my wick
An admission at last
Its refreshing to have a HMRC person tell the truth and not just the party line or brush over what is happening internally.
Other than the obvious mess of HMRC software which appears sorted out in the main. Though all refunds requested on returns are being ignored and have to be processed via Online Services, 20% of them wont work after repeated attempts, then having to request a manual intervention over the phone. Crikey I use net and software to be efficient not to wate more of my time.
All my clients affected are CIS contractors, we do a fiar few but we dont specialise in it. Anyway a chatty HMRC person has informed me that all cis cases are being manually verified as to identity and level of deduction, refunds in comparison to previous years, mini enquiry type thing. Reason, a) lots are currently not working and may be tempted to defraud b) last year significant tax went walkies as EC workers over claimed and legged it.
This cross referencing of CIS per return and contractors filed records has to be done manually as CIs and SA systems arent integrated. This could take a while!!
How many CIS cases are there, I would guess 250,000.
Drum roll please
1 refund, arrived this morning.
However 4 (of 12)of the refunds I processed manually for a 2nd time on Monday have popped up as available again today, so processed then AGAIN.
That is 4 seperate requests in these cases, and another 7 to 10 days for my clients to wait.
Those selected for security (exactly what do they check and where are they, how do you speak to them) well god knows, this side of xmas would be nice.
its larger now
The current status has moved on its more like 45k, 20 clients, though 1 is huge as sole trader who can t offset his own CIS while deducting from his subbies. Average is probably 1800 and they almost all work away from home hence more than a few quid.
But not 1 refund, oldest is now 9 April. Most of these guys are in dire times and need to money.
Sob
Well here we are 14 days later. refunds not a sausage.
All returns now captured correctly, bar 1. And cant get anyone to sort that one out for me.
No refunds processed automatically as per returns. All processed via online services, 50% failed, had to do them twice. Strangely they have all been "randomly" selected for security review. ALL OF THEM!!!
I am beginning to get my cynical head on here and think HMRC are hanging onto cash.
Yeehaa
I can only say yippee if this is what causing my problems.
Current status is roughly £30k of refunds due to clients, and of course our fees from them.
Our status is and frustration thereon;
1 client repayment issued hasnt turned up in over 3 weeks
8 clients, done on Iris, all captured wrongly
4 clients, done using HMRC portal, all received but not showing as processed (its meant to be instant or at most 24 hours)
Arrrghh
an answer?
Tried my luck with a different office, different client same problem. This time I got something of an answer.
HMRC on screen statement when looking at capotured tax calculation reads "some details may have been changed by HMRC systems, calculations may appear to be incorrect" Reassuring NOT.
A more helpful lady, keen as mustard and seemingly tenacious. She went off found a workround and phoned me back. That particular client is fixed but overall this is a problem for ALL Iris users, or at least with refunds.
Iris users have to tick option to self assess to be able to file online, set in stone afaik otherwise return simply doesnt run. Conversely HMRC systems when presented with a self assessed return are arbitrarily changing tax deducted at source to the tax due rounded up to the nearest penny, hence my small refunds.
Problem now escalated to online services, I will also put something into Iris as this likely to be problem at both ends not one.
Ta for reply
Better clarify with a bit more information.
I have losses bfwd from start of business (pre trading) rolled up over 3 years of circa £0.5m. Trade started during year 4 but development continues.
Year 4, was modest loss and R&D claim made by previous accountant.
Year 5, modest profit, no claim made, still previous accountant.
Year 6, reasonable profit, now our job.
Personally I think years 1 - 3 could have been looked at closer, under pre trading rules but cant do anything about that now.
So I have qualifying expenditure in year 5 & 6 but profits in both. Enhanced expenditure will push 5 into a loss but hardly worth bothering over.
So question is can I use the 500k of brought forward. My interpretation is not.