CIS for contractors: subcontractors and monthly returns
Tax & Compliance · Subcontractors & monthly returns
Sole trader and LTD
If you pay subcontractors under the Construction Industry Scheme, Statemint keeps the records HMRC expects. Add each subcontractor, mark the bank lines that paid them, and the deductions and monthly return figures are worked out for you.
What you can do
- Add each subcontractor along with their UTR and HMRC's verification outcome
- Mark money-out lines as subcontractor payments, splitting labour, materials and VAT
- Record the payment of your deductions to HMRC against the right tax month
- Review the figures for each monthly return
- Carry CIS amounts into VAT and your reports
Who it's for
Available to businesses that act as CIS contractors. Sole traders · Limited companies · Accountants & bookkeepers
Included in your plan
Every plan includes every feature for its business type, so CIS is part of your plan. See pricing.