uksparks
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- Reaction score
- 1,228
Hi,
ok im either stupid or something but did a days work for someone last month and a few days for someone else, we agreed a price per day and now they are coming to pay me they are saying they must knock 20% off and want my UTR number etc...
I said on your bike, you pay me the full invoice amount you con artist, etc etc...
anyway after then speaking with HMRC about this, they said by law they have to deduct 20% if taking on sub contractors with a UTR number and registered with CIS or 30% if the sub is not registered.
i have now registered on the CIS thing to resolve this, but who in the right mind would ever possibly sub out to someone to lose 20% of the agreed amount to the tax man which you have to mess around with at the end of the year to reclaim.
what a flaming nonsense, so the £450 I was hoping to get from one is now £360 or whatever it works out at, it's such a joke.
so if anyone wants me to work for them as a sub, my day rate is £225, why the hell should I say I'll work for so much a day to lose a wedge of it and potentially have to wait 12 months to get it back from HMRC.
how can you possibly say I'll work for so much per day which you rely and be happy to wait to offset or reclaim the balance.
I will only now work directly for the end customer, HMRC also said be aware that if you sub out to ANYONE you will lose 20%, and they said kitchen fitters etc.
NEVER AGAIN..... NEVER!!
ok im either stupid or something but did a days work for someone last month and a few days for someone else, we agreed a price per day and now they are coming to pay me they are saying they must knock 20% off and want my UTR number etc...
I said on your bike, you pay me the full invoice amount you con artist, etc etc...
anyway after then speaking with HMRC about this, they said by law they have to deduct 20% if taking on sub contractors with a UTR number and registered with CIS or 30% if the sub is not registered.
i have now registered on the CIS thing to resolve this, but who in the right mind would ever possibly sub out to someone to lose 20% of the agreed amount to the tax man which you have to mess around with at the end of the year to reclaim.
what a flaming nonsense, so the £450 I was hoping to get from one is now £360 or whatever it works out at, it's such a joke.
so if anyone wants me to work for them as a sub, my day rate is £225, why the hell should I say I'll work for so much a day to lose a wedge of it and potentially have to wait 12 months to get it back from HMRC.
how can you possibly say I'll work for so much per day which you rely and be happy to wait to offset or reclaim the balance.
I will only now work directly for the end customer, HMRC also said be aware that if you sub out to ANYONE you will lose 20%, and they said kitchen fitters etc.
NEVER AGAIN..... NEVER!!