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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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Keep up to date on the latest from the world of business and tax with our daily news stories.
20 Apr 2018
The British Chambers of Commerce (BCC) has stated that a significant number of UK businesses are 'not seeing improvements' in the UK's mobile network.
19 Apr 2018
The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address 'growing wealth inequality'.
18 Apr 2018
Figures published by the Office for National Statistics (ONS) have revealed that the UK's wage growth rate rose at a faster pace than inflation during the three months to February.
17 Apr 2018
In a new report, the Office of Tax Simplification (OTS) has called for the government to carry out 'urgent work' in order to simplify the business tax system for UK firms.