Hi Lousie
If it is a customer that has deducted 20 % off your invoice because you are also a subcontractor to them . You will received a Contractors Statement from them for and tax deductions between the 6th and 5th of each month.
You do not return this in your CIS returns. This figure should be deducted off the monthly PAYE and NI and the company owes each month when you do your PAYE monthly returns.
It can also been done when you completing the P 35
for example the calculation is
PAYE & N1 10000 CIS Decucted 700
Total 10,700 Less CIS Suffered 400
Total Tax due 10,300
Louise this is done and paid by the 19th of each month. If you ever have more CIS Suffered then paye and CIS decucted , you have to wait till the 5th April and therefore you would have nil paye returns and would apply for a return on the 6th April . They will not give it automatically.
Edited at 11 Mar 2011 12:09 PM GMT
Edited at 11 Mar 2011 12:10 PM GMT
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