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.

Data reveals global debt reached 322% of GDP in 2019

Data published by the Institute of International Finance (IIF) has revealed that global debt reached 322% of Gross Domestic Product (GDP) last year.

09 Apr 2020

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