CIS Monthly Return

Run the CIS Monthly Return to show payments to subcontractors including CIS deductions in a period. This report shows CIS deductions payable to HMRC for the tax period.

About the CIS Monthly Return

  • The report only includes information from bills paid, or credit notes refunded, in the period.
  • Part paid bills and credit notes are included on a pro rata basis.
  • Foreign currency transactions are converted and displayed in GBP.

Run the CIS Monthly Return

  1. In the Reports menu, select All Reports.
  2. Under Tax, select CIS Monthly Return.
  3. Select a date range.
  4. Click Report Settings to view the options for refining your report.
  5. Click Update to view your report.

Report columns explained

Column optionDescription
Payments (Incl. VAT)Total payments (incl VAT) applied to all bills and credit notes for the subcontractor in the tax period. (Not required on the HMRC return).
VATThe total VAT content of all the payments or refunds made for the subcontractor in the tax period. (Not required on the HMRC return).
Payments (Excl. VAT)Total payments (excl VAT) applied to all bills and credit notes for the subcontractor in the tax period. (Required on the HMRC return).
Cost of MaterialsThe proportion of total payments applied to bills and credit notes, based on the line items coded to the CIS Materials Purchased account code, for the subcontractor in the tax period. (Required on the HMRC return).
Liable to DeductionThe total Payments (excl VAT) less the total CIS Materials purchased, for the subcontractor in the tax period. May be used in conjunction with the Amount Withheld to identify if a contact rate has changed or if a CIS bill contains items that are neither CIS materials or labour. (Not required on the HMRC return).
Amount WithheldThe total CIS deduction, proportional to the total payments applied to bills and credit notes, for the subcontractor in the tax period.