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Planning Advisory Service (PAS)
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CIL - Administrative Expenses

patricia mccullagh, modified 7 Years ago.

CIL - Administrative Expenses

New Member Posts: 8 Join Date: 21/04/15 Recent Posts
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, modified 7 Years ago.

RE: CIL - Administrative Expenses

New Member Posts: 13 Join Date: 20/10/11 Recent Posts
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.