CIS Monthly Returns

CIS Monthly Returns

Contractors must submit a CIS report to HMRC once a month in order to inform them of any payments they have made to subcontractors. You'll need to maintain meticulous financial records, just as you would with any other aspect of dealing with HMRC. These should include the amount of money that you pay to subcontractors, as well as the specifics of any deductions that you make from that amount.

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