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How do I recover CIS deductions through a Corporation Tax Return?

How do I recover CIS deductions through a Corporation Tax Return?

Construction Industry Scheme (CIS) tax deductions aren’t recovered through the corporation tax return.

CIS tax is an employment tax that’s deducted from a limited company’s gross income. The company recovers this through the P35 Employer’s Annual Return. It will then receive a refund mid-summer, rather than a deduction when Corporation Tax is due.

The annual return submission (P35) informs HMRC how much PAYE and NI a company has paid. If the company has paid too much or too little PAYE and NI, HMRC will demand or refund the difference. The company must file the P35 after the end of the tax year. It can do this online using relevant payroll software.

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