tax tax tax

[booboo]

Hi

I am CUrrentley self employed and working for another sole trader,i know i need to pay 20% tax how does this work,will they deduct it or do i get the whole sum and taxed 20% on it,

[elainec100@cheapaccounting]

Are you a sub contractor in the construction industry?

What do you do?

What does your contract with them say about how you will be paid?

We need a bit more info to be able to help - thanks

[booboo]

yes im in construction industry just working on labour only,i just get a purchase order from them,they are unsure too how to go about the process,could you explain the tax scenario for a self employed person in the construction industry thats not VAT registred,and also how to go about my own jobs doing work for a price .eg installing air con in a shop for customer thanks

[elainec100@cheapaccounting]

if you are in the construction industry then CIS applies:

http://www.hmrc.gov.uk/cis/

you are the subcontractor and they are the contractor

[David Griffiths]

This is the third thread started by BooBoo in the last month

First here (http://www.ukbusinessforums.co.uk/forums/showthread.php?t=114627) a month ago

Second here (http://www.ukbusinessforums.co.uk/forums/showthread.php?t=118223), ten days ago

and now this one

How many ways are there of asking the same question? :rolleyes:

[elainec100@cheapaccounting]

Miss Maple each your heart out ;)

And I out the same info on the second thread.

Oh booboo stop wasting my time please

And that is my polite response :rolleyes::rolleyes:

[David Griffiths]

I just knew that I'd seen a pair of booboos before! :p

[elainec100@cheapaccounting]

I just knew that I'd seen a pair of booboos before! :p

hey very good (for you) :D:D