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The cost of all labour charged (net of travel and subsistence and any VAT charged by the sub contractor).
The cost of all materials supplied (Include VAT if the sub contractor is not VAT registered).
Is the subcontractor verified with HMRC for payment under deduction?
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
24 Jan 2025
There are still 3.4 million self assessment taxpayers who are yet to file their tax return for 2023/24 with the deadline fast approaching, according to HMRC.
23 Jan 2025
Parliament's spending watchdog has accused HMRC of deliberately running down its phone services to force people to use its digital services, according to a report.
22 Jan 2025
Data published by the Office for National Statistics (ONS) recently showed that UK exports fell flat towards the end of last year.
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