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Calculate CIS Tax Deductions.
This calculator helps calculate any necessary CIS tax deductions.
The cost of all labour charged (net of travel and subsistence and any VAT charged by the sub contractor).
The cost of all materials supplied (Include VAT if the sub contractor is not VAT registered).
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.
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The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021.
HMRC has revealed that more than 10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns by the 31 January deadline.