Calculation basis: VAT figures are calculated using the HMRC rate you select (standard 20%, reduced 5% or zero 0%) applied to the amount you enter. Day rate figures are calculated from the annual income, working days, overheads and buffer percentage you enter, and are a planning estimate only. Errors and omissions excepted.
Estimate only. Not tax advice. Rates shown are current HMRC rates but you should confirm with HMRC or your accountant before relying on this for a tax return or filing. See gov.uk VAT rates.
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Alerts, reminders and readiness scores are automated and best-effort. You remain responsible for your own renewals, deadlines and submissions.
123 Tenders provides automated tools, drafts and reminders, not professional, legal, tax or bid-writing advice. You are responsible for verifying all information and for your final submissions.
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