Limited Company Subcontractors Claiming Back Construction Industry Scheme (CIS) Deductions
HMRC have updated the guidance that sets out how subcontractors that are limited companies should reclaim any deductions they've had taken from their payments under the CIS.
As part of the changes introduced by RTI the company must complete a monthly ‘Employer Payment Summary’ (EPS) on which it must show the CIS deductions taken from the company's payments each tax month, together with the total CIS deductions for the year to date.