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MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
MTD for ITSA: Mandation for income over £30,000 begins April 2027.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.
Non-Dom Reform: The remittance basis is replaced by a new 4-year foreign income and gains (FIG) regime.
Basis Period Reform: Full transition to the "tax year basis" for all unincorporated businesses is now in effect.
SDLT: Temporary Stamp Duty thresholds are set to revert to previous levels from April 2025.
Dividend Allowance: The tax-free dividend allowance remains at £500 for the current year.
Capital Gains: The Annual Exempt Amount is fixed at £3,000 for individuals and personal representatives.
MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.

2026/27 TAX YEAR IS HERE MTD FOR INCOME TAX NOW MANDATORY FOR LANDLORDS & SELF-EMPLOYED OVER £50K DIVIDEND TAX RATES INCREASED TO 10.75% & 35.75% — OPTIMISE YOUR PAYOUTS ADVANCED CALCULATORS FOR PROPERTY, CRYPTO, AND INHERITANCE TAX HERE

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    📅 Tax Year

    🏗 CIS Details

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    £

    Genuine material costs are excluded from the CIS deduction calculation.

    How This Calculator Works

    🏗 Labour & Materials

    Correctly separates materials from labour when calculating CIS deductions, as per HMRC rules.

    📋 All Registration Statuses

    Handles registered (20%), unregistered (30%) and gross payment status (0%) subcontractors.

    💰 CIS Offset

    Deductions withheld count as advance payments towards your Self Assessment tax bill.

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    Frequently Asked Questions

    Can I reclaim CIS deductions?

    Yes. CIS deductions are credited against your tax and NIC bill at Self Assessment. If more was deducted than your liability, you receive a refund. Subcontractors should always file a Self Assessment return.

    How do I get gross payment status?

    HMRC grants gross payment status to subcontractors with a good compliance record (all returns filed, no arrears). Apply via your CIS online account or by calling HMRC.