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CIS tax deductions

Labour Charge (£):

The cost of all labour charged (net of travel and subsistence and any VAT charged by the sub contractor).

Materials Charge (£):

The cost of all materials supplied (Include VAT if the sub contractor is not VAT registered).

Payment under deduction:

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.

The latest news

14 Oct 2019

Chancellor announces post-Brexit Budget date

Chancellor Sajid Javid has announced that he will deliver the 2019 Autumn Budget on Wednesday 6 November.

11 Oct 2019

'Lessons must be learned' from loan charge controversy, states ICAEW

The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that 'lessons must be learned' from the controversy surrounding the loan charge.

10 Oct 2019

OECD considering plans to tax tech giants' profits by jurisdiction

Large multinational tech companies would have to pay taxes in the jurisdictions where profits are generated under new tax proposals from the Organisation for Economic Co-operation and Development (OECD).

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CIS tax deductions

The latest news

Chancellor announces post-Brexit Budget date

'Lessons must be learned' from loan charge controversy, states ICAEW

OECD considering plans to tax tech giants' profits by jurisdiction