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<blockquote data-quote="Evans Electric" data-source="post: 427845" data-attributes="member: 1408"><p>That sounds like a promising start . </p><p></p><p>If you find yourself sub-contracting to someone ...as said above you will come under the CIS tax scheme.... in my opinion its a pain in the rear orifice .</p><p></p><p>Basically they have to deduct 20% from your invoice for income tax .....what you <span style="color: #FF0000">MUST DO</span> is obtain a written notice from them ...showing that deduction . </p><p></p><p>I know of many guys in construction who have not done that and had to pay the tax twice. </p><p></p><p>If they are refusing to issue a written advice of the deduction ...........(a) Put tools in van ......(b) Start engine ...(c) Press accelerator to the floor ...(d) release clutch ..(e) Inform HMRC . </p><p></p><p>If you do find you have come under the CIS scheme , PM me . There are other pitfalls that need pointing out . </p></blockquote><p></p>
[QUOTE="Evans Electric, post: 427845, member: 1408"] That sounds like a promising start . If you find yourself sub-contracting to someone ...as said above you will come under the CIS tax scheme.... in my opinion its a pain in the rear orifice . Basically they have to deduct 20% from your invoice for income tax .....what you [COLOR=#FF0000]MUST DO[/COLOR] is obtain a written notice from them ...showing that deduction . I know of many guys in construction who have not done that and had to pay the tax twice. If they are refusing to issue a written advice of the deduction ...........(a) Put tools in van ......(b) Start engine ...(c) Press accelerator to the floor ...(d) release clutch ..(e) Inform HMRC . If you do find you have come under the CIS scheme , PM me . There are other pitfalls that need pointing out . [/QUOTE]
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