CIS and Class 4 NI | AccountingWEB

CIS and Class 4 NI

I have completed the accounts for a CIS subcontractor who hasn't completed a SA in the last 5 years. My calcuations currently show him owing a large bill which has solely arisen due to Class 4 Nic at 8%. Please can someone confirm that CIS contractors have to pay Class 4 as I am confused at how so many people seem to be getting rebates when I look at my numbers. Obviously this is before any penalties relating to the lack of SA submission is taken into account.

many thanks
Lisa Coulson

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Legal Justification

Anonymous |

Subbies Expect

Malcolm Veall |
Malcolm Veall's picture

Thank you everyone!

coulsonl |

20% or (30%) for 2007/08 onwards....

Anonymous |

CIS deduction rate

Anonymous |

More refunds in the future

Anonymous |

Agree with DB

Anonymous |

In response to your question

Anonymous |