Sole Trader CIS Tax

If you are a sole trader subcontractor then you simply deduct what CIS has been withheld, from your personal tax liability in your personal tax return each year.

If you are a sole trader subcontractor then you simply deduct what CIS has been withheld, from your personal tax liability in your personal tax return each year.

You will be provided with a statement each month from your contractors showing the amount of CIS withheld. It is key that you keep these safe as they will be needed to prepare your personal tax return.

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Disclaimer

This information is for general information only. We take no responsibility for any action taken or refrained from in consequence of its contents. Always seek our professional advice specific to your circumstances before acting.