A property developer is treated as carrying on a trade and is liable to Income Tax and National Insurance on his/her trading profit. The trading profit would include a deduction for all expenses incurred wholly and exclusively in the course of the trade.
If you then have work done by a tradesman (i.e, gas engineer, carpet fitter) can they be paid normally (i.e against their invoice), or would as I think, need to register as a CIS contractor.
Is there any cost to the developer to register as a CIS contractor
If you then have work done by a tradesman (i.e, gas engineer, carpet fitter) can they be paid normally (i.e against their invoice), or would as I think, need to register as a CIS contractor.
Is there any cost to the developer to register as a CIS contractor