Discuss Is this a joke of a job advert? in the UK Electrical Forum area at ElectriciansForums.net

the CIS, I don't want someone else dealing with my tax affairs and would rather do it myself.

Tough ****! If you work in the construction industry then you pay tax under the construction industry scheme. Then at the end of the year you either have a reduced tax bill or a rebate once your accountant has done their sums
 
10.58 - the 45% and £25per week as the job is through an agencie payed through an umbrella, who will deduct employees tax an ni employers tax an ni, pension and sick pay although you maybe able to opt out of the sick pay then the £25 "margin". For a 40 hour week take home if you opt out of the sick pay is going to be around £240
 
Gov.uk website says you can opt out of CIS & pay yearly

" If you don’t want deductions made

If you don’t want deductions to be made in advance by contractors, you can apply for ‘gross payment status’ after you’ve registered with CIS. This means you’ll pay all your tax and National Insurance at the end of the tax year."

I never even know about CIS but hey why would I, i'm just starting out in the trade


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

Michael
 

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