Team Construction News

Have you completed your 2010/11 tax return yet?

05 January 2012

The 31st January deadline for filing your 2010/11 self-assessment tax return is approaching fast. Read More >

Industry News

Small construction firms hit by VAT hike

12 January 2012

More than one in five small building firms, including many CIS card holders, has had to cut jobs as a result of the increase in VAT. Read More >

The below calculation is for example purposes only.

Gross Pay per week Take home with regular PAYE Take home with Team Construction Take home with Team CIS Umbrella
£400  £313.02 £335.60  £327.44* 
£600 £451.00  £490.80  £470.75*

*The take home figure for Team CIS Umbrella is based on expenses at 15% of the gross income

  • Calculation based on 52 weeks per annum
  • Standard tax code for 09/10 used

Please note through Team Construction only:

  • Expenses can be claimed annually upon submitting a self assessment tax return, potentially giving a rebate on tax already paid throughout the year
  • National Insurance is not deducted by Team Construction, Class 2 payments are £2.50 per week and should be taken into account with the final figure

Not a construction industry worker or
sub-contractor?

We can still help, take a look at our other services below.

Umbrella
PAYE services

Solutions from Smart Tax

CIS Umbrella
PAYE services

Visit Team Admin

Limited
companies

Hadden Business Solutions

Accreditations

Lawspeed Accreditation