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Must there always be delays with the repayment of CIS deductions?
KEY POINTS
- Delayed repayment of surplus CIS deductions to limited company subcontractors is a source of annoyance.
- Is the lack of monitoring by HMRC a problem?
- Claims should be processed within 15 days.
- Should HMRC simply set out their information?
- The claims process should be quicker simpler and easier.
The repayment of surplus construction industry scheme (CIS) deductions to limited company subcontractors has been a source of annoyance since the offset was changed to PAYE from corporation tax. Unfortunately this has been even more so since the process was centralised at HMRC’s Longbenton office from 2010/11.
HMRC recognised this and have taken steps to make...
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