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self employed in construction industry 30% deducted

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hello

have been self employed recently and have had my invoices deducted by 30% by the construction company thats paying me.

How do i claim this back?

 

Need the help please

new to this so be gental with me ....:-D

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Hi JBJ,

 

Further to the link above, if you haven't yet registered as a subbie in the CIS Scheme, you should do so to avoid tax being withheld at 30% instead of the normal 20%.

 

This gives more info - https://www.gov.uk/what-you-must-do-as-a-cis-subcontractor

 

:-)


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Hello

Thank you

As i have not registered yet for this how do i claim this back? is it calculated when i submit my tax return self assessment on-line? thank you

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are you registered with HMRC as self employed? have you registered for CIS?

You can reclaim the money from HMRC after you have proven that you should be paid gross. They like to pay you back after the end of the tax year but if the amount deducted is much greater than your expected tax liability they will set things in motion earlier. As end of tax year is only a month and a bit away i cant see them hurrying to help you.

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hello

yes registered as self employed last year but not on CIS. as yet

Just need information regards the deductions.

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Hi JBJ,

 

Then you need to register as a CIS subbie.

 

It's all there for you to read in the link in post #3 above.

 

If you are to continue to work as a subbie, you can get the lower rate of withholding tax deducted, or you can apply to be paid gross and pay tax and NIC using the Self Assessment returns system.

 

If the work as a subbie was a one-off, you can apply to have the tax deducted repaid (if applicable) after the current tax year ends on 5/4/18.

 

:-)


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