A subcontractor's invoice lands in your inbox for £3,600. It includes labour, materials, plant hire and VAT. The CIS rate appears simple enough, but the amount you pay depends on which invoice lines belong in the CIS calculation and which must be removed first. That's where a basic CIS deduction calculator can give a misleading… Continue reading CIS Deduction Calculator: How to Calculate Correctly
Tag: subcontractor payments
CIS Deduction Calculator: How to Calculate Correctly
A subcontractor's invoice lands in your inbox for £3,600. It includes labour, materials, plant hire and VAT. The CIS rate appears simple enough, but the amount you pay depends on which invoice lines belong in the CIS calculation and which must be removed first. That's where a basic CIS deduction calculator can give a misleading… Continue reading CIS Deduction Calculator: How to Calculate Correctly