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CIS tax questions


deezyboy
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Hi all,

 

quick wiestion, completed a job and sent the invoice to the construction company, they have since sent back the remittance advice, and have deducted £1600 under the CIS tax.

 

how does this work?

 

i am not registered for it myself, and £1600 is a lot to underpay on a quote that was submitted and agreed on for a much higher figure. 

Is it possible to claim it back?

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Ok I will get that sorted.

i still find it bizarre (I probably don’t understand enough) as to why they have taxed me? I pay my own taxes etc and haven’t signed up to the scheme.

 

it has taken all the profit out of the job and made it not worth it!

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They can take it from you if your not cis registered, they will take 30% if you arnt registered, they should give you a cis statement that you can use towards your tax bill.  Look at it as you have £1600 saved towards your tax bill. They can only take it on the labour element of your invoice though! So invoice labour, waste and " plant hire" seperatly as the waste and plant hire are cis exempt

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