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News - 16 April 2014

Improvements to CIS repayments

Since September 2011 HM Revenue & Customs (HMRC) and representatives of ICAEW, CIOT, ICAS, ACCA, AAT, ATT, LITRG, Tax Aid and Tax Help for Older People (TOP) have been working through the Joint Initiative on HMRC Service Delivery to meet the recommendation made by the House of Commons Treasury Select Committees to work closely to improve the end-to-end experience of dealing with HMRC.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“As part of its work, the joint initiative has been looking at ways to improve the Construction Industry Scheme (CIS) repayment process. As a result, from April 2014 HMRC customers can expect an improved experience when they request a CIS repayment in the following ways.”

  • HMRC aims to process a company’s CIS repayment claims received in writing/online within 25 working days (or less) from the date of receipt, where the information sent matches the information HMRC holds
  • where there is a mis-match, HMRC will need to investigate the discrepancy with the agent/customer - the speed at which the full repayment can be processed will be determined in part by the agent/customer response
  • in these circumstances HMRC will make a part repayment of the amount matched/verified and will aim to do so in the above timeframe
  • HMRC will make a repayment or part payment via a Bacs payment if the full bank details are included with the claim letter

 HMRC also commit to:

  • set-off the company’s CIS repayment against its Corporation Tax or VAT debt as long as:
  • the CIS repayment covers the full amount of the Corporation Tax or VAT debt
  • the company tells the HMRC team chasing the debt that they have sent a claim for repayment
  • if the company meets both these conditions, HMRC will stop the recovery of the Corporation Tax or VAT debt to allow time to process the repayment claim and allocate to the debt

Tonmoy continues
“Through the Joint Initiative on HMRC Service Delivery, HMRC is continuing to work with the professional bodies to look at further ways to improve the service to CIS customers. Joint initiative representatives have assisted HMRC in better understanding the journey from the customer / tax agent perspective. They identified improvement areas based on their experience and shared real cases to demonstrate the impacts of the repayments process.”

If you need any help and advice with your PAYE or CIS, or looking to outsource your Payroll Department, contact ABDS NOW to discuss how we can help.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals


Helping Your Business is Our Business

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