Hi all, this is my first post and I need to find out how employers allowance affects the final pay out figure for a CIS refund.
Here is the example that I need answered.
in year 15/16 my company accrued £10222.98 in CiS deductions .
I suffered £2838.20 in income tax
£49 in student loans
£1819.97 in employee Ni
£2075.99 in employer Ni
my company received the full employers allowance of £2000
from the above figures does anybody know what my CiS Refund should be.