CIS Calculator CIS payment calculator Gross amount paid(excluding VAT) This is the total amount invoiced. If the subscontractor is VAT registered the VAT would be excluded from this figure and if the subcontractor is not VAT registered they would include the total with VAT VAT 0% 5% 20% Select VAT at appropriate rate Less costs of qualifying materials (£) This is the cost of qualifying materials. As above, if the subcontractor is VAT registered the VAT would be excluded from this figure and if the subcontractor is not VAT registered they would include the total with VAT Tax deducted at Gross – 0% deduction Net – 20% deduction Not Registered – 30% deduction The qualifying material costs are deducted from the gross amount and then the CIS tax rate is applied to calculate the CIS tax deducted Calculate Tax to be deducted:£0.00 This is the tax the contractor pays to HMRC NET PAYMENT: £0.00 This is the amount the contractor pays to the subcontractor
