TaxSimba — CIS Subcontractors and MTD: Gross Income Is Not Your Bank Receipt
Preparation worksheet

Optional offline planning aid, not a tax return or filing confirmation.
Keep completed notes securely; never include passwords or one-time codes.

WORK THROUGH THIS EXAMPLE
Your CIS bank deposits are lower than the stated income because deductions were withheld. Recover the gross figures from statements before testing MTD qualifying income. Do not use the smaller net receipts as a substitute for turnover.

DECISION TO RESOLVE
Can the gross income used in the threshold check be reconciled to CIS statements?

YOUR POSITION
Relevant year and source: ____________________
Evidence supporting your answer: ____________________
Missing item and who will obtain it: ____________________
Deadline or next review date: ____________________

1. Collect all contractor statements.
Notes: ______________________________

2. Reconcile gross receipts to net payments and deductions.
Notes: ______________________________

3. Add other relevant business or property income.
Notes: ______________________________

4. Identify the correct look-back tax year.
Notes: ______________________________

5. Check MTD scope and keep CIS credits separate.
Notes: ______________________________

Actions agreed and responsible person:
____________________________________

Guide: https://taxsimba.co.uk/blogs/cis-subcontractors-mtd-gross-income
Check the current guide and official sources before relying on a deadline or process.