Cis, utr and ni number ?

[claret73]

Just done this today...
Decided to sign off & go CIS to see if I can get in with a few more contractors. Took me 2xMins online to register with HMRC, when my UTR comes through (Not sure on time-scale) can call CIS help-line & they register me as a Subcontractor. The Contractor also has to register with CIS and pay 20% deducted from your full invoice. Without CIS, I'm certain you have to pay 30%...

I think I saw a form for Contractors that they complete for each deduction, seems easy enough both ways & as has been posted can always check with IR to see if Contractor has paid as I won't want any nasty surprises come Tax Return...

 

[baldsparkies]

We receive statement of accounts and payments with any cis deductions recorded from all our customers we sub-contract for.As said, I would check the guy out with IR. Its nice to have the tax deducted at source cus theirs no nasty tax bill at the end of your financial year, and provided you have a good accountant a refund can pay his bill and put a few quid in your pocket to boot, very nice.

 

[Spudnik]

And make sure you get the "correct" cost of "materials" as they do not deduct anything from those.

 

[Ponty Massive]

Is it possible to register your wife under the CIS, so any payment would be made to her and not against my tax code??