Tax, CIS and Making Tax Digital for self-employed electricians

Tax, CIS and Making Tax Digital for self-employed electricians Most electricians are paid two ways: in full by homeowners, and with CIS taken off by builders. A full rewire is inside CIS, but a repair, an extra socket or a burglar alarm usually is not. Making Tax Digital counts all of it before deductions. CIS covers installing a whole electrical system, and replacing one, such as a full rewire. Repairing or extending a system usually is not covered on its own. Cable, back boxes, consumer units and fittings: materials for the work you sell. Multifunction tester, voltage indicator and proving unit: equipment you keep and use in the business. Before. HMRC counts a subcontractor’s turnover as the full pay before CIS deductions, so the gross figure on your statements is what is tested against the Making Tax Digital threshold, not what reaches your bank. Read the full guide for electricians, with every source, at rightotax.co.uk.