Making Tax Digital is changing how sole traders report income. See what it means for you.

Read the MTD guide

Tool

CIS refund estimator

Contractors deduct tax from your CIS payments at 20%. Set those deductions against your actual liability to estimate the refund you could claim in your Self Assessment return.

£

The total from your contractor payment statements for the year.

£
£

Tools, fuel, insurance and other allowable costs.

£

England, Wales and Northern Ireland rates. Scottish income tax rates are different and are not included here.

Enter your CIS deductions and turnover to see your estimate.

What this includes

  • Your 20% CIS deductions set against your full liability
  • Business expenses deducted from your turnover
  • Class 4 National Insurance on your CIS profit
  • Any employment income stacked on top

What this does not include

  • Gross payment status and how deductions are split between labour and materials
  • Student loan repayments
  • VAT, including flat rate schemes
  • Scottish income tax rates

This tool is illustrative only and is not tax advice. Your circumstances may change the result. Check current figures on GOV.UK, and see our Tax Tables for the full detail.

Know the estimate. Change the outcome.

MyTaxFiling turns this estimate into a live picture, updating as you record income and expenses through the year.

Get started, no card required.

Get Started

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