Originally posted by DaveB
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£600-£650 a day
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First Law of Contracting: Only the strong survive -
Originally posted by _V_ View PostSeems people in IT think they somehow earn good pay, £600 a day is pretty standard for Southern England even for a plasterer or electrician.Comment
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Originally posted by _V_ View PostSeems people in IT think they somehow earn good pay, £600 a day is pretty standard for Southern England even for a plasterer or electrician.Comment
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Originally posted by Paralytic View PostTypical "headline not matching what was said" tabloid click-bait.Comment
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Originally posted by mattster View Post
Prices for tradesmen have gone up a lot, but even in the south they are nowhere near £600 pd. You can easily be quoted £300 or so now, though, and our area is very much London prices. Last year I was paying £160 pd for a very good plasterer.
Yeh, £600 seems fanciful. I'm only just outside the M25 area and last time I used a plasterer about 4 years ago it was about £200-250/day and he was absolutely top notch.
Used a brickie for a small job about 18 months ago and it was about £250/day IIRC.
Electricians seem to be the trade that is very in demand at the moment. All the good ones I know are booked up weeks and months in advance.
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Originally posted by GigiBronz View Post
With 20% fixed tax for construction sector. Bookies and pubs must be racking it…
The 20% deduction is simply an advance payment to HMRC.. they still need to do a tax return and still owe what they owe.
The reason for the CIS scheme is just because too many people in that industry don't do their taxes or pay their tax bill... So in that case at least HMRC gets the 20%.
But it's absolutely not a fixed tax rate.Comment
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When you see hourly rates between £50 and £150 for plumbers doing small jobs. Makes you think they are coining it.
Or when they appear to charging you thousands in labour to fit a new boiler.
But those don't take into account void periods, which will lower the average they make.
Plus they spend time going around to give estimates and writing quotations for work they might never get.
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Originally posted by jayn200 View Post
That's not how CIS scheme works.
The 20% deduction is simply an advance payment to HMRC.. they still need to do a tax return and still owe what they owe.
The reason for the CIS scheme is just because too many people in that industry don't do their taxes or pay their tax bill... So in that case at least HMRC gets the 20%.
But it's absolutely not a fixed tax rate.
Even at £400 pd, if you get to do a few months per year I think you have a cracking deal. 400 self employed is probably equivalent of £540 inside IR35, expenses also allowed.Comment
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Originally posted by Fraidycat View PostWhen you see hourly rates between £50 and £150 for plumbers doing small jobs. Makes you think they are coining it.
Or when they appear to charging you thousands in labour to fit a new boiler.
But those don't take into account void periods, which will lower the average they make.
Plus they spend time going around to give estimates and writing quotations for work they might never get.Comment
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