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<blockquote data-quote="Supersparks1234" data-source="post: 427849" data-attributes="member: 28080"><p>Almost correct - Only if the company you are subbing for is also registered as a CIS contractor can they deduct CIS tax. For example - if you subbied for a company that never done construction work then they would not be able to deduct you anything. </p><p></p><p>If you do not receive a remittance for the tax deduction then HMRC will accept an invoice backed up by a bank statement so do not worry about this too much.</p><p></p><p>CIS tax can also only be taken on labour NOT materials. </p><p></p><p>CIS is good if you are not VAT registered but a PITA if you are.</p></blockquote><p></p>
[QUOTE="Supersparks1234, post: 427849, member: 28080"] Almost correct - Only if the company you are subbing for is also registered as a CIS contractor can they deduct CIS tax. For example - if you subbied for a company that never done construction work then they would not be able to deduct you anything. If you do not receive a remittance for the tax deduction then HMRC will accept an invoice backed up by a bank statement so do not worry about this too much. CIS tax can also only be taken on labour NOT materials. CIS is good if you are not VAT registered but a PITA if you are. [/QUOTE]
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