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

19 Apr 2024

Umbrella company regulation in 'precarious position', warns IPSE

Government proposals to enact a due diligence regime for the umbrella company market are in a 'precarious position, unless government shows some urgency, the Association of Independent Professionals and the Self-Employed (IPSE) has warned.

18 Apr 2024

Business price pressures persist, warns BCC

Business price pressures persist despite the UK's inflation rate falling to its lowest level since September 2021.

17 Apr 2024

UK inflation falls to lowest level since September 2021

The UK's annual inflation rate fell in March for a second consecutive month, dropping to 3.2%, according to the latest figures from the Office for National Statistics (ONS).

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CIS tax deductions

The latest news

Umbrella company regulation in 'precarious position', warns IPSE

Business price pressures persist, warns BCC

UK inflation falls to lowest level since September 2021