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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

20 Sep 2018

Inflation rate rises to six-month high

Data published by the Office for National Statistics (ONS) has revealed that inflation unexpectedly rose to a six-month high of 2.7% in August.

19 Sep 2018

Significant number of UK firms 'unaware of Making Tax Digital for VAT'

Research carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that over 40% of UK businesses are 'not yet aware' of Making Tax Digital for VAT (MTD for VAT).

18 Sep 2018

BCC downgrades UK growth forecasts as result of Brexit uncertainty

The British Chambers of Commerce (BCC) has downgraded its growth forecasts for the UK economy as a result of ongoing uncertainty surrounding Brexit.

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CIS tax deductions

The latest news

Inflation rate rises to six-month high

Significant number of UK firms 'unaware of Making Tax Digital for VAT'

BCC downgrades UK growth forecasts as result of Brexit uncertainty