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.

20 Jul 2018

'Record amount' of tax collected by HMRC

A 'record amount' of tax has been collected by HMRC, official data has revealed.

19 Jul 2018

OBR warns tax rises will be required to fund health service spending

In its latest Fiscal Sustainability Report (FSR), the Office for Budget Responsibility (OBR) has warned that tax rises or spending cuts will be required in order to fund planned increases in the NHS budget.

Register

Once a month we’ll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign up now!

Budget report

Our summary of the key announcements from the Chancellor's latest Budget .

Read about the budget

Accessibility links

CIS tax deductions

'Record amount' of tax collected by HMRC

OBR warns tax rises will be required to fund health service spending

Register

Budget report

Useful links