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Thank you very much for taking the time to tell us about your idea to improve Sage 50cloud Accounts, or to comment on another user’s idea.

Sage are currently reviewing all of the ideas from our customers with the view to include those that have gained the most votes in a future release.

Unfortunately, since posting your wish it has not gained enough support from other members for it to be considered for inclusion in a future release.

To see what we currently have planned, please take a look at all the ideas with the status of Currently ‘Coming soon’.

VAT Reverse Charge - CIS Main Contractor Info

Will Customers be added to the CIS module to enable us to ensure we can verify them and make sure they are part of the CIS scheme if they are going to be withholding our VAT

Lynsey Kitching
Parents

  • I have received an invoice from a sub contractor dated 5th March (so within the new RCV rules).  The sub contractor has broken down labour and materials charges, as they would usually, so we only tax the labour.  The sub contractor is also VAT registered.  How do I treat this invoice when posting this on sage? Do the new rules change how this is processed?  The invoice is for work carried out for us, as in this case, we are the end user

  • in reply to JAK

    In what way do you mean work carried out for you? If they have carried work out on your building or direct for you. the VAT reverse charge does not apply as you are the end user. It only applies if they are carrying out work for someone else on your behalf. Maybe look at the HMRC CIS for more information?

Comment
  • in reply to JAK

    In what way do you mean work carried out for you? If they have carried work out on your building or direct for you. the VAT reverse charge does not apply as you are the end user. It only applies if they are carrying out work for someone else on your behalf. Maybe look at the HMRC CIS for more information?

Children
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