Cis?

[hamdogg]

I hate all the tax/paperwork/ part of being self employed:(

[Paul Jenks]

Many of the companies we work for require CIS and we require it for the few subcontractors we employ.

The bit about materials not being deducted is correct. We are often deducted 20% from the cheque or BACS. We get a statement and we can offset this against our monthly PAYE bill.

CIS is a tool for ensuring the contractor makes sure the sub-contractor pays their tax as the contractor can be held liable if the sub-contractor fails to pay.

It's very handy as we ensured a subbie we employed for a year or so was CIS so all the monies he received from us were tax paid. ended up in jail for something or other and we were all clear.

It's been so long since I got my card and since I had any direct dealings with the day to day financials but I seem to remember it was a doddle to get. It's just another card to hand over at site induction for the clip board guy to photocopy.

I give them everything. CIS, NPTC, Streetworks, Driving licence. Taco, Nectar, Costa. They either get the joke or get really p*ssed. Often the latter as I can be a little abrasive.

Edited July 30, 2012 by skyhuck
language

[Pedroski]

I give them everything. CIS, NPTC, Streetworks, Driving licence. Taco, Nectar, Costa. They either get the joke or get really p*ssed. Often the latter as I can be a little abrasive.

Sure you mean "the latté" as opposed to "the latter"???