This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Query on tax deductions

nathanjame
Posts: 1
Joined: Fri May 11, 2018 11:24 am

Query on tax deductions

Postby nathanjame » Wed Dec 26, 2018 8:47 pm

Hello my friend is in a right state... He is registered as self employed but not registered under cis but the contractor he has been working for has been making 20% tax deductions from him... I read it should be 30% will he be liable and get heavy penalties as he can't afford to be charged an astronomical amount any views be greatly appreciated thank you

bd6759
Posts: 2964
Joined: Sat Feb 01, 2014 3:26 pm

Re: Query on tax deductions

Postby bd6759 » Fri Dec 28, 2018 12:55 am

The deductions are the contractors responsibility, and it is the contractor who will have the problem with HMRC.

All you friend has to do is ensure that he completes a tax return accurately with income and expenses.


Return to “Income Tax”