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Calculate your Construction Industry Scheme accurately!

Construction Industry Scheme (CIS) Calculator

Try out our in-house CIS Calculator. Find out your potential savings under Construction Industry Scheme. Do the precise CIS Calculations.

Calculations

Gross:

CIS:

VAT:

Net Payment:

Detailed Results

Given that, your sub-contractor is

not

registered

with Gross Payment Status

with HMRC,

the CIS deduction

is made at

20%

30%

from the

labor portion

of the payment.

If the labor

payment to

the

sub-contactor

and

material

payment

the CIS

deduction

will be

You should make a net pay of

to your sub-contractor.

The net

amount is

a sum of

Labour,

Material,

VAT

and less of

CIS.

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Conditions

Subtotal

Source

test1

test2

What is Construction Industry Scheme?

CIS is an HMRC’s way to collect tax revenue from the business that does construction work, like Subcontractors (Subbies).

Under this scheme, the contractor deducts CIS from the payment to subcontractors and submits details in a monthly return (CIS-300).

Contractor CIS Non-complaince : Impacts

Late payment penalties and late payment interest will be levied if contractors do not file monthly CIS return and pay CIS deduction to HMRC respectively.

Late Payment Interest
Late Payment Penalties

HMRC has recently started charging interest on the CIS deductions payment made after the due date.

In order to ensure impartiality, HMRC also compensates businesses for any sums due to them by paying interest on the repayment.

Current Late payment interest

6% (6 January 2023 onwards)

Current Repayment interest

2.5% (6 January 2023 onwards)

1 day late	Fixed penalty £100
2 months late	Additional £200
6 months late	Additional £300 or 5% of unpaid CIS (whichever is higher)
12 months late	Additional £300 or 5% of unpaid CIS (whichever is higher)

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