SolvedCISR71020 | Deductions: overview: the rate of deduction under the Construction Industry Scheme (CIS)
From HM Revenue & Customs · Construction Industry Scheme Reform Manual
The rate of deduction under the Construction Industry Scheme (CIS) for subcontractors not holding gross payment status since 31st October 1988 has been as follows;
| Dates | Rate of Deduction | |
|---|---|---|
| - 31st October 1988 to 30th June 1996 | 25% | |
| - 1st July 1996 to 30th June 1997 | 24% | |
| - 1st July 1997 to 5th April 2000 | 23% | |
| - 6th April 2000 to 5th April 2007 | 18% | |
| - 6th April 2007 to the present; | ||
| - ‘matched’ subcontractor | 20% | |
| - ‘unmatched’ subcontractor | 30% |