For CIS contractors
Bulk CIS statements for electrical contractors
Larger electrical contractors bring in subcontracted electricians for first and second fix on bigger jobs, often a mix of registered, unregistered and gross-status subbies on the books at once. Getting the rate wrong on even one subcontractor is a real problem, not a rounding error, so the calculation needs to be right every time, not just usually right.
Frequently asked questions
Does this file anything with HMRC for me?
No. We generate the CIS Payment and Deduction Statements and the CIS300 totals you need. You still send the statements to your subcontractors and file your return yourself, or hand the totals to your accountant.
How quickly do I need to give a subcontractor their statement?
Within 14 days of the end of the tax month the payment falls in. The CIS tax month runs 6th to 5th, not the calendar month, so a payment on 3 May belongs to the 6 April to 5 May tax month.
What rate gets deducted?
0% if the subcontractor is registered for gross payment, 20% if they're registered for net payment, 30% if they're not verified with HMRC. You tell us the status per subcontractor and we apply the right rate.
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