Hello everyone, My question is to anyone who has experience with accounting in the construction industry, specifically with CIS. I have recently started an agency for carpenters. Most of my work comes from other joinery companies. As I am not gross payment exempt yet - I haven’t turned over 33k - I am in a situation where I am being deducted 20% tax on every invoice I issue. My problem with that is best explained in an example: I charge £20 for a carpenter for 1 hour. I receive £16 after the CIS deduction. I owe £18 to the carpenter for the work. Profit: £2 Tax paid: £4 So I’m hoping there’s going to be a big tax rebate due but it all seems a bit backwards and I’m worried I can’t grow the business unless I have the capital to cover the CIS. Any help would be much appreciated. Thanks!