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Self Employed - Tax Issue

  • 21-03-2011 2:52pm
    #1
    bartooseboy
    Registered Users, Registered Users 2 Posts: 49 ✭


    Hi All,

    I just recently registered as a self-employed QS. When i sent my first invoice to a customer (a building contractor) he said he would have to deduct 35% and give me a 'pink-slip' for the balance. While i am familiar with this in regards to trade sub-contractors i didnt think it was the same for service providers?? i havent employed the services of an accountant yet as my earnings are very small so have noone to ask.

    all suggestions welcome.

    Thanks.


Comments

  • #2
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    Hi BartooseBoy,

    Basically as long as you are not doing any physical work then he should not have deducted you 35% tax. Even if he is subbing this element of the work too you, you are still not a "subcontractor" for RCT purposes. You should have no problem filling this pink form in and getting the money back from the revenue once your taxes are up to date however I would go back to the building contractor and explain the situation to him.

    If you need any help, feel free to PM me, I am an accountant who has had extensive exposure to the construction industry(for my troubles)

    Yours etc.......

    Bob


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