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CIS / RCT

Construction Industry Scheme (CIS) for UK Business. Relevant Contract Tax (RCT) for Irish Business.

If you pay sub contractors under this scheme we can help you manage the process. We will verify your subcontractors are registered for CIS with HMRC and ensure they are paid correctly and the relevant deductions made.

Our team will help you keep your records up to date and submit your monthly CIS returns on time.

CIS & RCT tax retention enables the functionality needed to be able to handle forms of retention tax on work performed by subcontractors (CIS – Construction Industry Scheme for UK, and RCT – Relevant Contract Tax for Ireland) performing services. The app has functionality to calculate, withhold, post, and report the withheld amounts according to the needs per subcontractor.

The purpose of the schemes is designed to withhold tax that applies to certain payments by principal contractors to subcontractors, thus on vendor level in Microsoft Dynamics 365 Business Central.

The rates vary across states and legislations and can be adjusted on a detailed level using the CIS & RCT tax retention app.