Tax man!!!

[Pebbs]

The tax adviser was wrong, you are entitled to interest on overpayments....and at a better rate than you would get from the banks. But it is normal practise to hold on to money this close to a return period. It is easier fro them to keep hold of it than to chase you for payment later!!!!

Grumpy does that apply to HMRC holding a massive credit balance on our CIS? I rang them and they said until we file our next year end accounts they couldnt release it.

Thanks Pebbs

 

[aphilp]

Pebbs - ask to be escalated to the team leader and then escalate to the manager if it is for last year's accounts

 

[aphilp]

Nice one

 

[grumpygrouter]

Grumpy does that apply to HMRC holding a massive credit balance on our CIS? I rang them and they said until we file our next year end accounts they couldnt release it.

Thanks Pebbs

Not sure about that Pebbs, Sorry. However, assuming that you aren't due to send any more paye to offset it then my gut feeling would be yes as it would be your money.