No definitive answer on CIS refund issue

There is still no “definitive answer” from HMRC as to why CIS refunds for limited company clients are being delayed by what are in some cases extensive periods, according to Tony Margaritelli.

The ICPA chairman said that the Revenue’s answer to the issue is “nothing short of laughable” and that it does not understand the consternation the delays are causing for accountants.

“What we’re seeing with our clients is that six months later in mid-October, they’re now receiving emails saying their refund is being put through – but now it’s being security checked.”

The Revenue said that they have cleared all repayment claims up to and including 9 September, unless they have written to the employer and are waiting for further information to progress the repayment.

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Dont fall foul to Scammers

Many of you I’m sure have been targeted recently by a new phishing scam, with emails purporting to be from HMRC. The emails can be identified by the sender address taxrefund@hmrc.gov.uk.

The fake email requests that the recipient opens an attachment, this is where the Trojan virus lies and should NOT be opened.

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