CIS Payment and Deduction Statement

When you employ the services of Sub-contractors, you must provide Sub-contractors with a written statement to every sub-contractors you make a deduction from. You need to complete this statement every month.

Please find below a Payment Deduction Statement.

[Click Here]

Archers Accountants recommend that keep a copy of a partially completed CIS Payment and Deduction Statement for each sub-contractor completing only the following details:

• Contractors name
• Contractors Address
• Employers Reference
• Subcontractors full name
• Subcontractors Unique Tax Reference (UTR)
• Subcontractors Verification number (only when deducting higher rate, it is unlikely you will be  make a deduction at the higher rate)

 

WHY

Each month you only need to complete the date and the payment amounts, saving time and reducing errors.