CIS Calculator

CIS payment calculator

This is the total amount invoiced. If the subscontractor is VAT registered the VAT would be excluded from this figure and if the subcontractor is not VAT registered they would include the total with VAT
Select VAT at appropriate rate
This is the cost of qualifying materials. As above, if the subcontractor is VAT registered the VAT would be excluded from this figure and if the subcontractor is not VAT registered they would include the total with VAT
The qualifying material costs are deducted from the gross amount and then the CIS tax rate is applied to calculate the CIS tax deducted
Tax to be deducted:
£
0.00
This is the tax the contractor pays to HMRC
NET PAYMENT:
£
0.00
This is the amount the contractor pays to the subcontractor
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