Errors made in applying the corporate interest restriction
[ad_1] HMRC has identified a number of common errors made by companies and agents in respect of the corporate interest restriction. The corporate interest restriction (CIR) is an annual cap on the amount of tax relief a company or group may claim for finance costs. Where CIR applies for a group, a reporting company should […]
Resolving HMRC employer liabilities payments account errors
[ad_1] ICAEW’s Tax Faculty requests real-life examples to help convince HMRC of the problem. Over the years, ICAEW’s Tax Faculty has received many reports of differences between HMRC’s employer liabilities & payment (L&P) account figures and employers’ own records. These have often proved difficult to resolve. Employers have lost trust in HMRC’s employer L&P records, […]