The invention discloses an efficient carbon fiber reinforced plastic hole making cutter and a dip angle hole making method, and belongs to the field of carbon fiber reinforced plastic machining. The cutter comprises a cutter bar, a milling supplementary cutting edge, a combined cutting part and a bottom cutting part which are connected in sequence. The dip angle hole making method mainly comprisesthe steps that parameters are calculated; the cutter is parallel to the axis of hole diameter and rotates downwards to carry out feeding in the axial direction, and layer-by-layer shunting machiningis carried out, so that the hole diameter error can finally keep at IT7 - IT8; if the hole diameter error does not meet IT8 - IT9, the dip angle between cutter and the axis of the hole diameter is adjusted, hole pre-milling is carried out, the hole is completed through zero empty trip milling supplementary, the axis of the cutter is adjusted to be parallel to the axis of the hole diameter and eccentric distance, and the allowance of the hole diameter is removed; and if the hole diameter error does not meet the IT7 - IT8, the dip angle between the cutter and the axis of the hole diameter is maintained, the hole pre-milling and the hole completing through milling supplementary are carried out, the cutter returns to an initial null point after the hole making is completed, and quality detection is carried out. According to the efficient carbon fiber reinforced plastic hole making cutter and the dip angle hole making method, the machining defects such as burrs, layering of the carbon fiberreinforced plastic can be avoided.