CIS deductions

[skyhuck]

thats not how it works. Your letter means nothing.

 

What happens is the builder takes your CIS number and verifies it with HMRC, HMRC then TELL the builder what to stop. This is all done online.

 

Your paperwork really matters not.

 

And yet its worked for me for all these years

[Johny Walker]

And yet its worked for me for all these years

 

we only have your sayso on this tho

[kevinjohnsonmbe]

I can't get my head around the subbie thing.

 

 

 

How can brickies, joiners and the like sub into big building contractors that are building big housing estates that go on for many years?

 

 

 

The estate that was built in the next village to me took about four years to complete, some of the subbies were there from start to finish.

 

 

My understanding Mr E, (FWIW) is that it was the exact vagaries, skulduggery and questionable employment / tax practices to which you refer that had, apparently, become so commonplace and widespread throughout the construction sector, that lead to the imposition,by HMRC, of CIS upon the sector.

 

I have tried, unsuccessfully, to compare the UK average tax take for the sector before and after the start of the scheme (adjusted for No. of houses built to try and equalise the sum a bit.) It wasn't an easy process and my interest faded 🤔

 

If I were a betting man, I bet it went up markedly - enough to justify a gong for the bowler hat that devised it and so long as it remains sufficiently high, they'd accept that some minnows are still slipping the net.

[skyhuck]

we only have your sayso on this tho

 

 

Edit, sorry wrong image, I'll try again.

[kevinjohnsonmbe]

Get a room you 2!

[skyhuck]

Here we go

[donnk]

your correct 100%

 

For the jobbing builder who does extensions etc then cash will still be prevalent. The problem is tax man knows all the tricks in the book, they have seen it all before. You have one disgruntled customer who rings up tax man to say i paid cash and your done for.

 

For us who just do new build there is no cash and no point anyway. We get 100% vat back , the rest of the costs go against the build.

[donnk]

Here we go

 

I would stop you 30% as your not registered as I'm required to do by law.

 

You can then spend your time on the phone with tax man and your 18 year old letter to get it back

 

Them's the rules.

[skyhuck]

I would stop you 30% as your not registered as I'm required to do by law.

 

You can then spend your time on the phone with tax man and your 18 year old letter to get it back

 

Them's the rules.

 

No you wouldn't, because I would not work for you

 

Please read my signature, I'm only saying whats worked for me, I've used that letter often and recently, never had a problem apart from that one Co and their terms were 90days anyway so I was looking for a reason not to work them anyway

[donnk]

90 days is a bit harsh for a subbie.

 

I make it clear from outset no UTR number no get paid. Everyone who works in the game knows the crack anyway. Most subbies tell me they get a good wedge back each year from the CIS anyway.