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if you are a subcontractor under the Construction Industry Scheme (CIS) and paid without deduction of tax you will be subject to an ongoing review by HM Revenue & Customs (HMRC).
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This is a very basic guide to show the potential IHT liability that you face. There are significant reliefs and exemptions which may be available which are not shown in this calculator. It may be possible to effect signifiant tax savings with careful planning and we are happy to advise you on the options which may be available to you.
Please enter the value of your assets and liabilities.
Company Car and Fuel Benefit-in-Kind | Startup | More Profit | Gross Profit | CIS Tax Deductions | VAT | Payslip | Savings | APR | Loan | Mortgage Repayments | Stamp Duty | Inheritance tax | Fuel Cost
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
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