For CIS contractors
Bulk CIS statements for painting and decorating contractors
On new-build and refurb contracts, painting and decorating is routinely subcontracted out by the plot or by the day, and a decorating firm working several developments at once can have a long list of subcontractors to settle up with every month. Most of that list is straightforward net-rate CIS, so the win here is speed: one upload instead of working through each subcontractor by hand.
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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