CIS Deductions

Q: CIS Deductions

CIS deductions are the percentages of money that contractors deduct from a subcontractor’s payment. These deductions are then submitted monthly to HMRC. The rates can be 20% or 30%, depending on the subcontractor's registration status with HMRC.

CIS deductions are the percentages of money that contractors deduct from a subcontractor’s payment. These deductions are then submitted monthly to HMRC. The rates can be 20% or 30%, depending on the subcontractor’s registration status with HMRC.