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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.
22 Jan 2025
Data published by the Office for National Statistics (ONS) recently showed that UK exports fell flat towards the end of last year.
21 Jan 2025
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year.