CIL - Administrative Expenses - Public forum - Planning Advisory Service (PAS)

Planning Advisory Service (PAS)

Ouvert | En cours - juillet 2012 | Dernière modification - Hier

CIL - Administrative Expenses

patricia mccullagh, modifié il y a 7 années.

CIL - Administrative Expenses

New Member Publications: 8 Date d'inscription: 21/04/15 Publications Récentes

With regards to the 5% admin charges, my understanding is that for the first 3 years the 5% can be rolled over during this time and spent by end of 3rd financial year, the 4th and subsequent years can use CIL upto 5% and must be spent by end of each financial year. Is this right? If the funds are not spent what happens to the money?

Richard Holmes, modifié il y a 7 années.

RE: CIL - Administrative Expenses

New Member Publications: 13 Date d'inscription: 20/10/11 Publications Récentes

I think that's right. The Regs don't state what happens to it but I think it can only be reassigned to the central 'pot' - Guidance encourages CA's to minimise CIL admin. This would then be reported in the CIL Annual Report.