Recovering CIS Tax
ijaccounting
Registered Posts: 9 Regular contributor ⭐
Hi guys,
I haven't dealt with CIS vouchers before, my client self employed and all of the payment he received was via CIS vouchers;tax has been ducted at sources. I am not quite sure which forum he should fill to recover the tax he paid. HMRC sent him a SA form! not quite sure if this the correct form he needs.
any idea would be great; thank you
I haven't dealt with CIS vouchers before, my client self employed and all of the payment he received was via CIS vouchers;tax has been ducted at sources. I am not quite sure which forum he should fill to recover the tax he paid. HMRC sent him a SA form! not quite sure if this the correct form he needs.
any idea would be great; thank you
0
Comments
-
You just enter the CIS deducted on his tax return (SA100) and it will be offset against his tax liability.0
-
That's right. Make sure you show his income in his self employment as gross ie add the cis back on to what is physically received in the bank. Then deduct all the expenses to get to the profit. When you complete his tax return online there will be a box for CIS deductions.0
-
agree with both comments0
-
-
That's right. Make sure you show his income in his self employment as gross ie add the cis back on to what is physically received in the bank. Then deduct all the expenses to get to the profit. When you complete his tax return online there will be a box for CIS deductions.
very useful, thank you. not quite sure though, do I need to fill SA1035 or shall I show his gross income in box 15 under (other UK income not included on supplementary pages) of SA100 less box 16 ( allowable expenses) and any tax taken goes to box 15.
Many thanks in advance for any comments.0 -
You need to do the self employment supplementary pages SEF 1 to SEF 6. Gross income/turnover is box 14 and expenses are 16-29. If you do this online it will ask you all the relevant questions;
Did you have self employment income?
What is your turnover?
What are your expenses?
Etc
CIS deductions is box 80.
Thanks0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership