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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.
02 Jun 2023
Confidence in the UK economy amongst businesses 'stabilised' to just below neutral in May, according to a survey carried out by the Institute of Directors (IoD).
01 Jun 2023
Research carried out by consumer electronics company Sharp has suggested that nearly half of small and medium-sized enterprises (SMEs) are planning on increasing their investment in business technology this year.