HMRC issues guidance on limited companies and CIS repayments

Posted 20/09/2012
Written by Robert Parkin
Category Uncategorized

The guidance is as follows:

At the end of the tax year the company should complete form P35 showing the total CIS deductions and also send HMRC a repayment claim, which must be in writing and explain the reason for the overpayment. Where deductions claimed agree with those shown on HMRC’s records, the repayment will be processed within 15 working days.

Parkins Accountants can help with any CIS query, please contact us for your free initial consultation.

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