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4% deduction from invoice?
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<blockquote data-quote="Evans Electric" data-source="post: 452517" data-attributes="member: 1408"><p>Tony, it is a scheme introduced by a cash starved government who hate to think of the small , self employed working man only paying his taxes at the end of the year , like everyone else in business .</p><p></p><p>So , although you are self employed , they had you virtually back on PAYE if , and only IF , you did some work within the construction industry .</p><p></p><p>The stupid bit was ,....say .... a builder takes some walls out of an office at a printing works and contracts me to sort the electrics out .</p><p></p><p>When I invoice him he would have to deduct 20% tax from the labour part of said invoice.</p><p></p><p>If the printer used me to sort the electrics out I would invoice them with no deduction of tax because they are not deemed to be a construction company. </p><p></p><p>This happened. </p></blockquote><p></p>
[QUOTE="Evans Electric, post: 452517, member: 1408"] Tony, it is a scheme introduced by a cash starved government who hate to think of the small , self employed working man only paying his taxes at the end of the year , like everyone else in business . So , although you are self employed , they had you virtually back on PAYE if , and only IF , you did some work within the construction industry . The stupid bit was ,....say .... a builder takes some walls out of an office at a printing works and contracts me to sort the electrics out . When I invoice him he would have to deduct 20% tax from the labour part of said invoice. If the printer used me to sort the electrics out I would invoice them with no deduction of tax because they are not deemed to be a construction company. This happened. [/QUOTE]
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4% deduction from invoice?
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