Results 1 to 2 of 2

Thread: % on labour and materials invoicing

  1. #1
    Join Date
    Oct 2011
    Location
    wales
    Posts
    65
    Thanks
    11
    Thanked 7 Times in 6 Posts

    Default % on labour and materials invoicing

    Had the business set up 12 months but have just had a customer who is set up with CIS to pay tax for sub contractors,
    What percentage do other put down as material and labour. Am I right in thinking I only get taxed on labour?

  2. #2
    Join Date
    Aug 2014
    Posts
    72
    Thanks
    9
    Thanked 14 Times in 11 Posts

    Default

    Hi mate if you registered for cis it's 20% of the labour if your not registered it's 30%, once you've made 30k you can register for gross payment so don't get taxed on any of it, I've been going for 8 months i do a 90% materials 10% labour so if I get a £1000 job only have to pay £30 if anyone questions it I say a job only takes a day or 2 put up and is up for at least 6 weeks so the hire of the materials is much greater. Hope that helps

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

New To Site? Need Help?