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H
Hlock
November 29, 2021
Question

Self Employed - Client pays my tax

  • November 29, 2021
  • 1 reply
  • 0 views

The client that I work for on a regular basis deducts 20% tax before releasing the funds to me but I haven't found a way of showing this on my account.

 

If I add the amount of income before tax then I will get taxed again but if I don't add it then I will get tax on the amount that I received after tax.

 

Is there a way around this? Do I need to add the tax deduction as a transaction to show that it has been paid already?

 

Thanks in advance!

1 reply

A
Ashleigh1
November 29, 2021

Hello HLock, 

 

Welcome to the Community page, 

 

So i presume this is CIS, to record the invoice you would enter the amount of the labour on one line and add another as a negative relating to the 20% so if its 1000 you would enter -200 on the second line which would make the due amount 800. when you record the coming  in, you record it as business income, to record the amount that is suffered you would record that in the actual self assessment form on HMRC's website. 

H
HlockAuthor
November 29, 2021

Yes, it is CIS.

 

Thanks for the clarification.

 

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