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Post Info TOPIC: CIS subcontractor paid travel by contractor


Guru

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CIS subcontractor paid travel by contractor
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Hi, I hope I'm not showing myself up by asking this (it is VERY late)

 

I have a CIS subcontractor client, one of his contractors pays a travel payment to him on his subcontractor payments - this is classed as income and is taxed as normal isn't it? as the amount the contractor has paid him for travel has not had CIS deducted from it.

I.e.

Gross 1000

Less: CIS -200

Plus: Travel 50

Payment = £850.00

Thanks in advance for any clarification on this

 

Rachel



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Rachel



Master Book-keeper

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Posts: 8646
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Hi
Try 3.22
www.gov.uk/government/uploads/system/uploads/attachment_data/file/448756/CIS340_06_15_V1_0.pdf

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Guru

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Posts: 625
Date:
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Thank you very much Joanne, this answers my question


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Rachel



Master Book-keeper

Status: Offline
Posts: 8646
Date:
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Oh good, sorry I just dumped it and ran this morning, as I was on a tight schedule!

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

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