⁺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.

17 Jan 2019

Government launches new taskforce to combat economic crime

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption.

17 Dec 2018

Tax-saving measures to implement ahead of the 5 April year end.