Quote:
Originally Posted by mrspoon  i understand that part, its jsut the CIS im not totally sure about, as far as im aware whichever contractor im working for will keep my tax for me and pay it at the end of the year on my behalf i think? so in their eyes they have paid me 1000... but would they just pay 20% of my 500 on my behalf? |
No, CIS deductions are only for labour and mileage. Materials are disregarded. You must state materials separately. Also they should be paid over monthly by the contractor and you receive a statement of deduction every month. This is you proof for your tax return.