To keep records of gross payments, cost of materials, tax deducted and any verification number. To make monthly records of payments to HMRC. It's possible to stop receiving returns for up to six months if no contracts will be in place. ...
How much will I pay? If your subcontractor is registered for the CIS scheme, you’ll deduct 20% from their gross pay. If they’re not registered, or they haven’t given you their unique tax payer reference (UTR), then you’ll deduct 30%. It’s important that you work out their gro...