Construction
CIS comes off the labour. Not the whole invoice.
Registered 20%. Unverified 30%. Materials stay on the statement. We match the return to the slips.
£4,000
£0
What hits the bank
£3,200
- Labour (CIS applies)£4,000
- CIS deducted£800
CIS is a payment on account of your tax, not an extra tax. The return still has to match the statements.
Countplus Accounting, since 2019
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