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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.
17 Jan 2025
The Federation of Small Businesses (FSB) has proposed a set of pro-growth measures to some of the UK's leading regulators.
16 Jan 2025
The UK economy grew for the first time in three months, driven in part by a boost in trade for pubs and restaurants, according to the Office for National Statistics (ONS).