Construction Industry Scheme Payment and deduction statement at a glance
What it is: The Construction Industry Scheme Payment and deduction statement.
A filled-in Construction Industry Scheme Payment and deduction statement example: a contractor reports one payment
How to fill out Construction Industry Scheme Payment and deduction statement, box by box
Contractor details
Under Contractor details, enter the Contractor's name, the Contractor's address and the Employer's Tax Reference.
Enter the MM and YYYY of the tax month ended 05 in which the payment and deduction was made.
Subcontractor details
Under Subcontractor details, enter the Subcontractor's full name and the Unique Taxpayer reference (UTR).
Verification Number
Enter the Verification Number only where a deduction at the higher rate has been made.
Amount payable (A-B)
Enter the Gross amount paid (Excl VAT) (A).
Enter the Less cost of materials.
Enter the Amount liable to deduction.
Enter the Amount deducted (B).
The Amount payable is (A-B).
Common questions about Construction Industry Scheme Payment and deduction statement
What is a CIS statement?
The Construction Industry Scheme Payment and deduction statement. Subcontractors: keep this document safe.
Sources
[1] Construction Industry Scheme Payment and deduction statement (CISOL1, HMRC) (the Official source link on this page).