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As a sub contractor can I rent labour off a company.
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Sole trader and yes it's CIS tax0
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Yes - your accountant. That's what you pay them for. You clearly think the advice isn't correct or you wouldn't be posting here, but your posts are quite hard to follow (you know what you mean, but not everyone else does!). Why not go back to your accountant and ask them to explain their advice, which is surely the safest and most sensible way to proceed?Liamevans21 said:I'm a self employed sub contract roofer, I get all of my work through one company. The company i sub too also supplies labour at a cost of £250 a week towards the labourers wage. When I do my tax return amateur I able to put this through my return? I've spoken to my accountant and they said I'm not able too. Can somebody help please?
Many thanksGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
My accountant say no, but people who sub to the same company that have different accountants put them through thier tax return. I'm just after a second option as to who is right.0
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If they add the £250 into your income then the £250 costs can be claimed but if your accountant is taking the cash received as your income figure and adding back the cis tax deducted then the cost of the labour has already been deducted, you received less cash, so it can’t be deducted again. It was usually apprentices that got charged out to the sub contractors but now labourers too.0
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Doesn't mean they are correct to do so, or even that they are actually doing what you think (or they claim) they are doing...talk to your accountant again.Liamevans21 said:My accountant say no, but people who sub to the same company that have different accountants put them through thier tax return. I'm just after a second option as to who is right.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
All you need to ask your accountant is why it is now deductible.
What others do is not relevant as their accountant may use different figure for income.One uses what you get paid into the bank , which is after deductions
The other uses gross figure and deducts expense .
Comes to the same in the end.0
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