SUBCONTRACTORS, HOW TO INCREASE YOUR REFUND

We are often asked what expenses are allowable to reduce profits for the self-employed.

Reducing the taxable profit of course reduces the amount of income tax paid…. Or in the case of subcontractors the amount of CIS tax repaid.

In short, ensure that you have claimed all the tax allowable expenses due to you.

Follow the link below for a fully comprehensive list of tax allowable expenses,

https://www.gov.uk/expenses-if-youre-self-employed

Any queries, please call the office