Month: August 2018

CIS Repayments

cis repayment

How do subcontractors reclaim the CIS repayments which they have had deducted? Businesses which are registered as 20% net subcontractors receive less income from the contractor. They don’t receive the full amount on the sales invoice as they suffer CIS deductions. This also affects subcontractors who are not registered and pay the higher rate of …

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CIS Materials

CIS materials

Qualifying CIS materials don’t suffer any CIS tax deductions. It is therefore important to know what does qualify as CIS materials. Examples on how different materials and costs affect the CIS tax charge. Subcontractor costs recharged The subcontractor typically charges the contractor a labour amount as well as other costs. The other costs may however …

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