{"id":2495,"date":"2014-10-13T00:00:00","date_gmt":"2014-10-13T00:00:00","guid":{"rendered":"http:\/\/dev1.2facearts.com\/uncategorized\/construction-industry-tax-penalties\/"},"modified":"2014-10-13T00:00:00","modified_gmt":"2014-10-13T00:00:00","slug":"construction-industry-tax-penalties","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/construction-industry-tax-penalties\/","title":{"rendered":"Construction industry tax penalties"},"content":{"rendered":"<p>\n\t&nbsp;If any of your Construction Industry (CIS) returns are filed one day late, HMRC will charge an initial fixed penalty of &pound;100.<\/p>\n<p>\n\t&nbsp;Additionally, if they have still not received that return:<\/p>\n<ul>\n<li>\n\t\ttwo months after the date it was due, they will charge a second fixed penalty of &pound;200<\/li>\n<li>\n\t\tsix months after the date it was due, they will charge a further penalty of &pound;300 or 5% of any liability to make payments, that should have been shown in the return<\/li>\n<li>\n\t\t12 months after the date it was due, they will charge a second further penalty. The amount of this penalty will depend on why your return was late. The amount charged will be either &pound;300 or 5% of any liability to make payments, or a &lsquo;higher&rsquo; penalty of up to 100% of any liability to make payments, or a minimum penalty of &pound;1,500 or &pound;3,000.<\/li>\n<\/ul>\n<p>\n\t&nbsp;Confused?<\/p>\n<p>\n\tThere are also occasions when HMRC will consider a reasonable excuse for not filing a CIS return, and if they accept your reason for the late filing then penalties will not be applied.<\/p>\n<p>\n\tHMRC will not normally accept that lack of funds to pay (unless due to circumstances outside your control) or reliance on someone else to file your returns, as a reasonable excuse.<\/p>\n<p>\n\tTo further complicate matters there are circumstances when penalties may be capped at a lower amount.<\/p>\n<p>\n\tObviously, the best way to avoid penalties is to file your CIS returns on time. If you are presented with a bill for penalties it is well worth getting your tax advisor to check it out for you, and if necessary, appeal.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>&nbsp;If any of your Construction Industry (CIS) returns are filed one day late, HMRC will charge an initial fixed penalty of &pound;100. &nbsp;Additionally, if they have still not received that return: two months after the date it was due, they will charge a second fixed penalty of &pound;200 six months after the date it was [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2495","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2495"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2495\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}