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alfie


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cis penalties
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I am a bookkeeping for a cis client. His return was sent in by me with incorrect figures on. HMRC have got in touch and I have agreed that there figures from his contractors are correct. This made his gross about £5000 short. However the amount of tax @ 20% that was paid will be about right. The only difference should be more ni.

The HMRC have said that there may be a penalty. This was a couple of days ago they haven't been back to me yet.

Has anyone been in this position themselves to advice me what I can expect to happen.



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BudgetB


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Subbies don't have NI deductions?

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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Don Tax


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BudgetB wrote:

Subbies don't have NI deductions?

If I understand this situation correctly, there may be greater Class 4 NIC due.

TIm



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