FREE WORKBOOK
CIS Deduction Statement Log
Every deduction taken off you, matched to the statement that proves it, so what you claim at the year end is what you can evidence.
Join dozens who use this
Who this workbook is for
Subcontractors who are deducted from every month and cannot say, in March, which of those deductions they can actually support.
Statements arrive from some contractors and not others
A contractor who deducts CIS from you has to give you a written statement within 14 days of the end of the tax month. Some do it without being asked. Some never do. This logs every payment and whether the statement came, so the gap is a number rather than a feeling.
You are claiming a figure you cannot support
The statement is your evidence. Without it you are claiming a credit you cannot back up, and if HMRC asks the question the credit comes off. On the worked figures £1,200 of £4,840 deducted is unevidenced, which is a quarter of the year’s claim resting on two missing pieces of paper.
You are chasing paperwork in January
The contractor who is slow with statements in June is the one who has stopped answering the phone by the following March. The sheet totals what is outstanding as you go, so you chase while the job is live and the relationship is still worth something to them.
