Dan Admin Staff member May 20, 2013 #11 Bri said: Thats what my accountant told me to do when I first started using him. Put 20% of every invoice in an Isa, get interest on it and you'll have more than enough to cover the tax bill come payment time. Click to expand... If you do that you'll have a nice bonus around tax-bill time for a holiday or whatever. As it'll never be a full 20% if you're claiming for stuff too.
Bri said: Thats what my accountant told me to do when I first started using him. Put 20% of every invoice in an Isa, get interest on it and you'll have more than enough to cover the tax bill come payment time. Click to expand... If you do that you'll have a nice bonus around tax-bill time for a holiday or whatever. As it'll never be a full 20% if you're claiming for stuff too.
P Peter May 20, 2013 #12 Do a bit myself with builders but just wondering if you can deduct from yourself by this method rather than just being for subcontractors. Always a nice rebate with CIS :lol:
Do a bit myself with builders but just wondering if you can deduct from yourself by this method rather than just being for subcontractors. Always a nice rebate with CIS :lol:
S steve187 May 21, 2013 #14 whitebeam said: Do they still do the CIS, thought that went out with the dodo.... Click to expand... same thing same name but different method link here - https://www.gov.uk/what-you-must-do-as-a-cis-contractor/verifying-and-paying-your-subcontractors
whitebeam said: Do they still do the CIS, thought that went out with the dodo.... Click to expand... same thing same name but different method link here - https://www.gov.uk/what-you-must-do-as-a-cis-contractor/verifying-and-paying-your-subcontractors
