Tax, CIS and Making Tax Digital for self-employed HVAC engineers
Transcript
Tax, CIS and Making Tax Digital for self-employed HVAC engineers Most HVAC engineers split their work between installs and service. Installing a complete air conditioning or ventilation system in a building is inside CIS, while servicing and replacing parts are outside. Making Tax Digital counts every payment, maintenance contracts included, before any deduction. CIS covers installing systems of heating, ventilation and air conditioning in a building, and HMRC says a complete air conditioning installation is within the scheme. Repairing, servicing, maintaining, altering or extending a system is outside, and so is replacing parts, such as a burned-out fan motor. Indoor and outdoor units, ductwork, pipe and refrigerant for jobs: materials for the work you sell. Recovery machine, vacuum pump, gauges and leak detector: equipment you keep and use in the business. Yes, when you install a complete system in a building for a contractor. HMRC says complete installation is within the scheme, but replacing parts is not. Read the full guide for HVAC engineers, with every source, at rightotax.co.uk.
Voice and visuals made with automated software, including AI.
Read the full guide, with every source
The one-minute version
Transcript
Tax, CIS and Making Tax Digital for self-employed HVAC engineers Most HVAC engineers split their work between installs and service. Installing a complete air conditioning or ventilation system in a building is inside CIS, while servicing and replacing parts are outside. Making Tax Digital counts every payment, maintenance contracts included, before any deduction. Read the full guide for HVAC engineers, with every source, at rightotax.co.uk.
Voice and visuals made with automated software, including AI.
This is general information to help you understand the rules. It isn't tailored to your circumstances, so check your own position before acting on it.
Righto Tax is a trading name of NJG Consultancy Ltd, registered in England and Wales, company number 16095900. Registered office: Jubilee House, East Beach, Lytham St Annes, FY8 5FT.