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Tax Deduction Calculations
Tax Deduction Calculations
Automatically calculate and apply the correct CIS deduction rates for every contractor, ensuring full HMRC compliance.
Why Accurate Tax Deduction Calculations Matter
Misapplying CIS deduction rates can lead to underpayments, overpayments, and HMRC penalties. Voloconst’s Tax Deduction Calculations service ensures each payment uses the correct rate—automatically and instantly.
Key Features of Our Calculation Service
From standard and higher-rate contractors to exceptions and overrides, our platform handles every scenario accurately.
Questions about Tax Deductions
What deduction rates apply under CIS?
Registered contractors: 20% standard rate. Unregistered: 30%. Our system applies these automatically.
Can I override default rates?
Yes—use our override feature to set custom rates per contractor or payment batch.
How are exceptions handled?
Our system flags exceptions—like CIS disputes—and lets you review or adjust before processing.
