From 6 April 2007, Construction Industry Scheme (CIS) legislation means that the way you manage your subcontractors' tax deductions has changed.
You will need to submit monthly information to HMRC before deducting tax from your subcontractors pay, as well as producing monthly statements for them.
To help you get to grips with these changes Sage have introduced Sage 50 CIS.
Click Here for a guide to Sage 50 CIS module.
Features and Benefits:
- Record the right information and ensure you deduct the correct tax rates.
- Save time verifying new subcontractors by emailing information directly to HMRC.
- Securely store your Government Gateway account and subcontractor information in one place .
- Automatically produce and check monthly tax returns.
- Keep a record of all transactions and automatically capture your CIS tax details.
- Automatically produce your monthly sub-contractor payment statements.
Restrictions:
- Does not integrate with Sage Payroll
HMRC have successfully tested and recognised Sage 50 CIS to both submit the Monthly Online Tax Return (CIS 300) and perform electronic verification of sub-contractor information. PRICES ARE SHOWN EX VAT
