VAT & tax set-aside

Add or strip VAT on a job, then see what to put by for the taxman before you spend it.

Amount£This figure isVAT rate%Profit share of the job%Income tax band%National Insurance%

Net (ex VAT): £1,000.00
VAT: £200.00
Gross (inc VAT): £1,200.00
Put by for tax & NI: £156.00
Yours to keep: £444.00

The UK VAT registration threshold is £90,000 of taxable turnover in any rolling twelve months. Rates here are yours to set — check your own band with HMRC.