Self-employed confused

Monther_of_1

Hello,

Last week we were told my husband is self-employed as a sub-contractor in the construction industry. His is getting paid every week and does 50 hours a week.

So now he has sent 'Becoming self-employed and registering for National insurance contribution and/or tax' form to HM R&C.

My husband works for one company only and he travels to work by public transport and pays also for his insurance.
He earns approximatly £420/week.

Can he take off any of above expenses and when will he be able to do that? How much income tax does he need to pay?

Thanks in advance.

nexus2011

http://www.hmrc.gov.uk/manuals/cisrmanual/cisr15080.htm

pumpkin-head

I believe he can claim his insurance but not for daily transport. There's various rules about where it is he is working and his 'permanent place of work' which I'm not too clear on. That said, I'm not any kind of expert!

Liquid_Amber12

You can't claim back travel costs unless you are going from your place of work to another job. Just like in a paye job, you can't claim expenses for going to work.
He will have to fill in a self assessment tax return every year and on that form he can claim "cis deductions" (this is - what he pays in tax 30% or 20% through the person he works for)
He presumably has registered with the cis helpline who will give him advice re national insurance contributions - he will pay class 2 and class 4 on any profits he makes.