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Shelburne Accountancy Ltd
News and Information
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According to HM Revenue and Customs, it estimates that 30,000 businesses in the construction industry are failing to complete their CIS forms on time, or not completing them correctly.
The National Audit Office in their report of July this year into HM Revenue and Customs has highlighted errors in the PAYE system. It estimated that 4.5 million individuals have overpaid in total some £1.6 billion of tax and a further 1.5 million individuals have underpaid in total some £400 million of tax for 2008-09 and 2009-10 tax years.
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