FREE WORKBOOK
CIS Monthly Return Workbook
Twelve returns, the three figures each one asks for, and what being late costs in a trade where the quiet months are the ones that catch you.
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Who this workbook is for
Contractors who pay subcontractors and would rather the 19th arrived without a late night on the 18th.
You work to calendar months
A CIS tax month ends on the 5th, not the 31st. Payments made on the 6th belong in the next return, which is why working to calendar months puts a handful of payments in the wrong month every year and the returns never quite reconcile. The sheet is laid out to the tax month so they land where they belong.
Work went quiet and you stopped filing
A return is due for every tax month whether or not you paid anybody. A month with no subcontractors is a nil return, not no return, and it is the most common CIS penalty there is. The demo year has two of them. Miss all twelve and a year in which you paid nobody anything still costs £3,600.
You want the three figures without unpicking the ledger
Total payments excluding VAT, total cost of materials, total deducted. The materials figure is everything excluded from the deduction, not just materials narrowly, and that includes any CITB levy you withheld. Enter the month and the sheet gives you the return.
