Almost always on CIS, paid day or price rates, light on materials but heavy on graft. Here's how Making Tax Digital for Income Tax applies to bricklayers, and when it starts for you.
MTD for Income Tax is measured on gross income before expenses. On steady day rates, a full year of bricklaying can clear £50,000 on labour alone.
Nearly all your income has 20% taken at source. MTD does not change that. It's how you report your income and the CIS deducted each quarter, so your year-end refund reconciles without a drawer full of statements.
Your annual Self Assessment return is replaced by four short quarterly updates and a year-end final declaration, all through recognised software.
The key record for a bricklayer is CIS deducted. Log it as you're paid and your refund is ready to reconcile.
With most work on CIS, recording deductions accurately is what makes your year-end refund quick and correct.
Deducted at 20% all year, many brickies overpay. The final declaration reconciles it so any refund still lands.
Boots, gloves, trowels and lines are deductible. Small costs add up, so keep them logged.
Worked three sites this quarter? It all rolls into one update. No need to report each one separately.
You want the refund without the headache. Clear Books records your CIS as you go and gives HMRC exactly what MTD requires.
Log your pay and CIS deductions as you go, and send your first quarterly update in minutes.
