2026/27 guide

Accountants for electricians

Electricians working for contractors fall under the Construction Industry Scheme, which deducts 20% from labour (30% if unregistered) as an advance on tax, often creating a refund at year end.

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2026/27 take-home calculator

What electricians keep after tax

A self-employed electrician invoicing £58,000, with £40,000 of labour on contractor jobs taxed under CIS at 20%. In 2026/27 that is £7,209.80 of Income Tax and National Insurance, leaving £33,090.20. Sole trader keeps £1,240.62 more at this level. CIS deductions of £8,000.00 mean an estimated refund of £790.20.

How you work
Expenses in this example (untick or edit)
Other expenses
You keep£33,090a year
Per month£2,758
Total tax£7,21018% of profit
Estimated CIS refund£790
Where the money goes
Take-home£33,090.20
Income Tax£5,546.00
National Insurance£1,663.80
Expenses£17,700.00
Sole trader £33,090 Keeps more
Limited company £31,850

Company figures assume a salary of £12,570 and all remaining profit paid out as dividends, with no Employment Allowance. Leaving profit in the company changes the result.

When the 2026/27 bill is due

  1. 31 January 2028Nothing to pay

No payments on account at this level.

  • Making Tax Digital applies from April 2026 at this income
Assumptions

Uses 2026/27 rates for England, Wales and Northern Ireland, with no other income, student loan or pension contributions unless entered. Scotland has different Income Tax bands. This is an estimate, not advice: your accountant will check your own figures.

Key takeaways

  • Under CIS, contractors deduct 20% from registered subcontractors' labour, 30% from unregistered subcontractors, and nothing where the subcontractor has gross payment status.
  • Sole trader electricians reclaim excess CIS deductions through Self Assessment, while limited companies offset them against PAYE through payroll.
  • The VAT domestic reverse charge applies to CIS construction services supplied to customers who are VAT and CIS registered and not end users, but not to homeowners.
  • Gross payment status requires turnover, excluding VAT and materials, of at least £30,000 for a sole trader.
  • On £60,000 of profit in 2026/27, a limited company paying a £12,570 salary and dividends pays slightly more tax than a sole trader.

How tax works for electricians

Electricians work in several different ways: employed on PAYE, self-employed subcontracting for builders, running their own domestic and commercial jobs, or trading through a limited company. Many do a mix. The tax rules that matter most are:

  • The Construction Industry Scheme (CIS), because installing lighting and power systems in buildings is construction work. Contractors deduct tax from your labour before they pay you.
  • The VAT domestic reverse charge, which changes how you invoice other VAT-registered building businesses once you are registered.
  • Tools, test equipment and your van, which are among your main costs and are claimed in specific ways.

How CIS works for electricians

If you do construction work for a contractor, the contractor deducts tax from your payments and passes it to HMRC as an advance payment towards your tax and National Insurance. The rates are:

  • 20% if you are registered for CIS
  • 30% if you are not registered
  • 0% if you have gross payment status

The deduction only applies to your labour. The contractor first takes off VAT, materials you paid for, equipment hired for the job, and fuel (other than for travelling), then applies the rate to what is left. That is why it pays to show materials separately on invoices and keep the receipts. The contractor must give you a payment and deduction statement within 14 days of the end of each tax month; keep every one, because they are your evidence of tax already paid.

Homeowners are not contractors under CIS, so a householder paying you directly for a rewire makes no deduction. CIS applies to your work for builders, developers and other construction businesses.

Gross payment status lets contractors pay you in full. To qualify you need a history of paying tax and filing on time, a business bank account, and turnover over the last 12 months (ignoring VAT and materials) of at least £30,000 as a sole trader, or £30,000 per director or £100,000 in total for a company. For a longer explanation, see our guide to the Construction Industry Scheme.

Worked example: a CIS electrician's refund in 2026/27

Dan is a self-employed electrician registered for CIS. He invoices a main contractor £48,000 in the year, of which £8,000 is materials he bought. The contractor deducts 20% of the £40,000 labour, so £8,000 goes to HMRC. Dan also does £10,000 of domestic jobs for homeowners, with no deductions.

ItemAmount
Contractor work (gross, before CIS)£48,000
Domestic jobs£10,000
Total income£58,000
Less materials (£8,000 contractor jobs, £2,000 domestic)(£10,000)
Less van: 8,000 business miles at 55p(£4,400)
Less tools and test equipment(£1,500)
Less public liability insurance(£600)
Less competent person scheme fees(£500)
Less regulations update training(£400)
Less business share of phone(£300)
Taxable profit£40,300

Income Tax: £40,300 minus the £12,570 personal allowance is £27,730, at 20% = £5,546.00. Class 4 National Insurance: 6% of £27,730 = £1,663.80. Total liability: £7,209.80.

Dan's contractor has already paid £8,000 to HMRC. On his Self Assessment return he enters the full £48,000 as income and the £8,000 as CIS deductions, and HMRC repays the difference: £790.20. Scottish Income Tax bands apply instead if you live in Scotland.

Sole trader or limited company?

Here is the same £60,000 of profit, before paying the owner, under each structure for 2026/27. The company pays a £12,570 director's salary and the rest as dividends, and has no other employees.

Sole traderLimited company
Employer National Insurance: 15% of (£12,570 minus £5,000)None£1,135.50
Corporation Tax: 19% of £46,294.50 left after salary and employer NINone£8,795.96
Income Tax on profit or salary£11,432.00£0.00
Class 4 National Insurance£2,456.60None
Dividend tax: 10.75% of £37,498.54 minus the £500 allowanceNone£3,977.34
Total tax and National Insurance£13,888.60£13,908.80

The sole trader figures are Income Tax of 20% on £37,700 (£7,540) plus 40% on £9,730 (£3,892), and Class 4 at 6% on £37,700 (£2,262) plus 2% on £9,730 (£194.60). With dividend tax at 10.75% (basic rate) and 35.75% (higher rate) from April 2026, the company in this example saves no tax at all, even before its extra accounting costs. It can still suit electricians who retain profit in the business, want limited liability, or employ others. The Employment Allowance, which offsets up to £10,500 of employer National Insurance, is not available to a company whose only employee is its director. A company's CIS deductions are set against its monthly PAYE bill through payroll, not claimed on the Corporation Tax return. Try the sole trader vs limited company calculator with your own numbers.

Allowable expenses for electricians

ExpenseClaimable?Notes
Materials, cable and fittingsYesKeep receipts; they also reduce CIS deductions
Tools and test equipmentYesRelieved in full through the Annual Investment Allowance, or as an expense on the cash basis
Van: mileage rate or actual costsYes55p a mile for the first 10,000 business miles in 2026/27, or the business share of actual costs
Public liability and tool insuranceYes
Competent person scheme membershipYesBusiness subscription
Training to update skills you use, such as wiring regulation updatesYesTraining to start a new, unrelated business is not
Protective clothing and safety bootsYesEveryday clothing is not
Phone, software and accountancy feesYesBusiness share
Parking finesNo

Vans. Sole traders can use the 55p mileage rate for a van if they have not claimed capital allowances or an expense deduction for buying it, but once they use the rate they must stick with it until the van is replaced. On the cash basis, a van's purchase cost is an allowable expense, unlike a car. If your company provides a van you use privately, beyond insignificant private use, you pay tax on a van benefit of £4,170 a year, plus £798 if the company pays for private fuel. A zero-emission van has a nil benefit.

VAT and the domestic reverse charge

You must register for VAT if taxable turnover passes £90,000 in any rolling 12 months. Once registered, the domestic reverse charge applies when all of these are true:

  • the work is a construction service reported under CIS, such as installing lighting or power systems
  • it is standard or reduced rated
  • your customer is VAT registered and CIS registered
  • your customer has not told you in writing that it is an end user or intermediary supplier

When it applies, you do not charge VAT; your invoice states that the reverse charge applies and the customer accounts for the VAT. It does not apply to work for homeowners, who are not VAT registered, and it is not used for installing security systems such as burglar alarms and CCTV when supplied on their own. Because you stop receiving VAT from contractors but still pay VAT on materials, you may find HMRC owes you VAT each quarter, and you can apply to move to monthly VAT returns.

Two scheme restrictions apply. You cannot use the Cash Accounting Scheme for reverse charge supplies, and reverse charge sales are excluded from Flat Rate Scheme calculations, so check whether that scheme still makes sense for you. For work outside the reverse charge, the flat rates are 14.5% for labour-only construction (materials under 10% of turnover) and 9.5% for general building or construction. See our Flat Rate Scheme guide for how the scheme works.

Key deadlines for 2026/27

  • Every month (if you pay subcontractors yourself): CIS return to HMRC by the 19th, and deductions paid by the 22nd if paying electronically.
  • 5 October 2026: register for Self Assessment if you started trading in 2025/26.
  • 31 January 2027: file your 2025/26 return and pay any balance and first payment on account for 2026/27.
  • 31 July 2027: second payment on account for 2026/27.
  • 31 January 2028: file your 2026/27 return.

Making Tax Digital for Income Tax applies from 6 April 2026 if your self-employment and property income before expenses was over £50,000 in 2024/25, from April 2027 if over £30,000 in 2025/26, and from April 2028 if over £20,000 in 2026/27. Dan's £58,000 turnover would put him in scope. That means digital records and quarterly updates by 7 August, 7 November, 7 February and 7 May.

How GoForma helps electricians

GoForma is a UK online accountancy practice working with self-employed people and limited companies across the country by phone, video, email and WhatsApp. Our accountants are ACCA and AAT qualified, and FreeAgent accounting software (worth £360 a year) is included in every package.

  • Start Sole Trader (£44 a month plus VAT, 50% off for the first 3 months): your Self Assessment return, including your CIS deductions, with a dedicated personal accountant. Start Sole Trader + VAT and Start Sole Trader + MTD are £68 a month plus VAT.
  • Start Bundle (£88 a month plus VAT, 50% off for the first 3 months): year-end accounts and Corporation Tax return, payroll for one director and a dedicated accountant.
  • Operate Bundle (£128 a month plus VAT) adds VAT returns, your director's Self Assessment and the confirmation statement. See Operate Bundle.

All packages are rolling monthly. To check your CIS refund, VAT position or structure, book a free consultation.

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FAQ

Questions from electricians

How much tax is deducted under CIS for electricians?

Contractors deduct 20% from the labour part of your payments if you are registered for CIS, and 30% if you are not. With gross payment status nothing is deducted and you pay all your tax at the end of the year. The deduction is calculated after taking off VAT, materials you paid for, plant hire and some fuel, so itemise materials on your invoices.

How do I get a CIS tax refund?

As a sole trader you claim it through Self Assessment. You enter your gross CIS income and the total deductions from your monthly payment and deduction statements, and HMRC sets the deductions against your tax and National Insurance and repays any excess. A limited company instead offsets its CIS deductions against its PAYE bill through its Employer Payment Summary and claims any balance left at the end of the tax year.

Does the VAT reverse charge apply to domestic electrical work?

No. The domestic reverse charge only applies when your customer is both VAT registered and CIS registered and is not an end user. Homeowners are not VAT registered, so you charge VAT in the normal way if you are registered. It is also not used for installing burglar alarms, CCTV or other security systems when supplied on their own.

What turnover do I need for CIS gross payment status?

HMRC looks at your turnover over the last 12 months, ignoring VAT and the cost of materials. You need at least £30,000 as a sole trader. A partnership needs £30,000 for each partner or £100,000 in total, and a company needs £30,000 for each director or £100,000 in total. You must also have paid tax on time and run the business through a bank account.

Can electricians claim 55p a mile for a van?

Yes, if you are a sole trader or in a partnership and have not claimed capital allowances or an expense deduction for buying the van. For 2026/27 the rate is 55p a mile for the first 10,000 business miles and 25p after. Once you choose it for a van you must keep using it until you replace the van. Limited companies cannot use the mileage rate.

Is a limited company better for an electrician?

Not automatically. On £60,000 of profit in 2026/27, a company paying a £12,570 salary and dividends pays £13,908.80 in total tax against £13,888.60 as a sole trader, before the extra accounting costs. Dividend tax rates of 10.75% and 35.75% from April 2026 are part of the reason. A company can still suit electricians who keep profit in the business, employ staff or want limited liability.

Can I claim for my test equipment and tools?

Yes. Tools and test equipment used in your business are allowable. On the cash basis, the standard method for sole traders, equipment you buy to keep and use in the business is deducted as a normal expense. Under traditional accounting and in a limited company, they qualify for capital allowances, and the Annual Investment Allowance gives relief for the full cost in the year of purchase.