HMRC CIS - The Truth About It


More details HMRC CIS began to emerge about the background Construction Industry (CIS) pilot reimbursement that HM Revenue & Customs (MARC) has launched 21 October 2013. The pilot will run until the end of December 2013 HMRC CIS.

More than 860 officers were selected by HMRC can be contacted due to a perception of risk in reimbursements being submitted on behalf of their clients subcontractors. HMRC CIS MARC considers that stakeholders said higher reimbursement than the market average, which is usually when a contracted load demands over 20% of its total turnover.

About 700 of the more than 860 agents have received a letter from MARC , including a list of best practices HMRC CIS, inviting the agent to revise its verification process , said expenses and revenues reported by its subcontractors customers.

About 160 of the remaining 860 + agents are invited by MARC to have an educational trip because their subcontractors customers have a higher risk.

Some of our accounting clients received their cards and then phoned our help lines to express his surprise at being chosen, usually because they have so few customers subcontractors. Others asked why HMRC CIS they received a letter that they are members of a professional body and meet the minimum accounting standards as a matter of routine. Some have tried to circulate the letter as MARC and set it aside for later review. A common criticism is the belief that MARC inspectors trying to become nickname tax officials and ask them to do the work of MARC.

HMRC CIS Professional organizations participated in the preparation for the pilot and had an entry in the content of the list of best practices. However, they expressed concern that if HMRC officials must do more to ensure the conformity of its clients, customers may stop using the agents and try to deal with their tax affairs on their own, which could create more problems.

MARC responded by saying that he will ask the authorities to do more to ensure compliance with customer go ahead and seek the safety of the officers understand what good looks like. Other drivers are in the pipeline HMRC CIS.

This pilot project adds HMRC has already begun working with high-volume agents. HAS are considered to have the highest risk of outsourcing customer and are subject to greater intervention by MARC. MARC informed the Forum that is HMRC CIS developing communication compliance reform package to educate HVAC.

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