So ive been a sole trader carpenter0 for over 10 years or so now, just working for other people. But lately ( the last 10 months ish) I’ve been getting bigger and bigger jobs that have required me to get other various labour in under my name so to speak ( plumber, electrician etc)
Basically they have invoiced me and then ive paid them out of the money that I have been paid from the job. A few of theses jobs have already had the tax deducted before I get paid, so have I done the wrong thing by paying my “subbies” their full invoice amount or should I have deducted their tax too?
Im a bit concerned after talking to some one today that i might be paying theirs and my tax when i shouldn’t be if that makes sense!
Any accountants or tax people on here that know what im talking about??