For CIS contractors
Bulk CIS statements for plant hire contractors
Plant hire sits on both sides of CIS. If you supply plant with an operator, you're often the subcontractor being paid under CIS by the main contractor. If you're the contractor hiring plant in, the cost of plant hire itself is one of the items that can be excluded from the taxable base before the deduction rate is applied, alongside materials. Either way, getting the base right before the rate matters, and it's an easy line to get wrong 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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