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AGGREGATE PARTNERS
0208 901 2914
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CIS PENALTIES

Current penalties under schedule 55 FA 2009, effective as of October 2011
 
 

Description

Penalty Value

Failure to submit monthly return by 19th month

£100

Monthly return is still outstanding after 2 months 

£200 in addition

Monthly return outstanding after 3 months 

£300 in addition*

Monthly return outstanding after 6 months 

£300 in addition*

Monthly return outstanding after 12 months 

£300 in addition*

Failure to provide CIS records to HMRC for inspection 

£300 +£60 per day

Making a false statement in order to obtain gross payment status

Up to £3,000

For information deliberately withheld from HMRC 

Up to 100% of CIS deductions

For information negligently withheld from HMRC 

Up to 70% of CIS deductions

*or 5% of the CIS deductions on form the return (whichever is higher) 

In addition HMRC can add up to £3000 per monthly return submitted if you incorrectly tick the self-employed status declaration when your subcontractors should have been employed.

These penalties also apply to NIL returns.

 
 

 

AGGREGATE PARTNERS
0208 901 2914
0793 837 7009

 
Aggregate Partners , Kemp House,
London  EC1V 2NX
Email: info@aggregatepartners.co.uk

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