HM Revenue & Customs (HMRC) has issued updated guidance for subcontractors operating as limited companies on reclaiming any deductions taken from their payments under the Construction Industry Scheme.
The new guidance was issued on 15 August and updates a leaflet first published in May this year.
HMRC said a copy of the leaflet would also be sent to those limited company subcontractors that it contacts in connection with their claim for repayment of deductions through the P35 process.
In the leaflet, HMRC says it is currently receiving high volumes of 2011-12 repayment claims from company subcontractors and the guidance is designed to explain how it reviews claims for repayment and to outline some problems that it sometimes finds can cause delays.
Link: HMRC guidance