CIS Suffered Reporting

We help businesses operating as subcontractors within the UK construction sector

CIS suffered reporting ensures that tax deducted by contractors can be reclaimed or offset against a company’s PAYE and National Insurance liabilities.

Here is how we help with CIS Reporting

Collecting CIS Deduction Statements

Monthly CIS deduction statements are collected from each contractor. These statements include gross payments, amounts deducted for CIS, and net payments received.

Reconciliations and Record-Keeping

CIS deduction statements are reconciled with bank statements and the business’s own records to ensure accuracy.

Confirmation that all deductions suffered are correctly calculated, considering the subcontractor’s registration status (20% for registered, 30% if not registered)

Preparation of Employer Payment Summary (EPS)

For limited companies, any CIS Suffered (tax already deducted by contractors) will be entered into the Employer Payment Summary (EPS), which is filed monthly.

The EPS reports the total CIS deducted to HMRC for the relevant PAYE period.

Offsetting CIS Against Tax Liabilities

HMRC uses the EPS to apply the deductions suffered against the company’s liabilities for PAYE tax and National Insurance. If deductions exceed liabilities, a refund may be claimed at year-end.