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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.

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Inputs

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%

0%

from the

labor portion

of the payment.

If the labor

payment to

the

sub-contactor

is

£

and

material

payment

is

£

,

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.

This Calculator has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisers before engaging in any transaction.

Construction Companies in the UK - UKPA

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)
Multiple Dwellings Relief - UKPA

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