Welcome to the Sage 50 Accounts UKI Support Group on Community Hub! Available 24/7, the forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
It would be very helpful to be able to show the CIS to be deducted from the Labour element on a Sales Invoice we've issued as the Sub-Contractor giving the customer the actual amount to be paid after everything has been accounted for.
The invoice would…
There is no remittance advice layout for a CIS payment where tax has been deducted - We have suppliers that keep querying this.
PLEASE can you add a new layout to have our workload of having to create one ourselves.
Hi,
I noticed we can load and update any CIS properties/settings for subcontractors using the Sage 50 .NET SDK. Is there any way to 're-trigger HMRC CIS verification' after update from the SDK?
Thanks,
Martin
I see that Sage 50 does not have the facility to print Annual CIS Statements.
We have 100's of sub-contractors, so can anyone advise what report is best to get individual annual statements.
Many thanks
D
In this session we'll look at CIS Domestic Reverse Charge and how to process it in Sage 50 Accounts. This session has now taken place, but don't worry you can catch up with a recording: Open the recorded webinars article
View slides from today's presentation…
Learn how to set up and process CIS in Sage 50 Accounts.
CIS will be explored from both contractor and sub-contractor perspectives.
This webinar has now taken place, but don't worry if you missed it, you can catch up with a recording
View slides…
After completing the monthly CIS return it would be very helpful if Sage automatacially pushed out the CIS statement to the contractors included on the return, as the current process is very long.
There are old transactions on our audit trail which back date to 2008 / 2009 which for some reason were never CIS reconciled when the purchase payment was made & then the return was submitted using the CIS Module. This is clearly an error in the software…
When running the report for supplier turnover, subcontractors who are nett and pay CIS tax, as it is a credit note automatically produced on your system, it is deducted from the turnover figure.
We need subcontractor turnover figures to give to the…
We have a client who has made part payments to his subcontractor as the work was done over a lengthy period of time. However, for some bizarre reason. no part payments or payments on Account can be allocated to the CIS Module.
We understand that this…
If you're a limited company and a subcontractor and you've requested a refund of CIS deductions suffered from HMRC, you should record any money received in Sage 50cloud Accounts to update your bank and CIS Tax Withheld nominal codes. Find out how >
If you're a limited company and a subcontractor and you've requested a refund of CIS deductions suffered from HMRC, you can record any money received as a bank receipt to update your bank and CIS Tax Withheld nominal codes. Find out more >
Bookings are now open for free, live webinars about CIS Domestic Reverse Charge VAT for Sage 50cloud Accounts. These are legislative changes that apply from 1 March 2021. Read more >
If you use Sage 50cloud Accounts and you're new to subcontracting workers under the UK Construction Industry Scheme, the CIS module can help you stay compliant.
The module is quick to set up and makes it easy to:
Verify subcontractors' CIS details…
As a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC), the way in which VAT is charged on construction services changes from next Monday, 1 March 2021 .
The good news is Sage 50cloud Accounts includes new features to…
Hello - Please be kind! First Time Poster
I have recently taken a new job and have come across a query I am not confident enough to sort out.
Previous book keeper made payments on account to Sub-Contractors under the CIS system - however the invoices…
Domestic Reverse Charge
The way in which VAT is charged on construction services changes from 1 March 2021 - Read more >
To assist with this new legislation, Sage 50cloud Accounts v26 and above has new tax codes:
T21 to be used where CIS Reverse…
Bookings are now open for free, live webinars about CIS Domestic Reverse Charge VAT for Sage 50cloud Accounts. Theses are legislative changes that will apply from 1 March 2021. Alternatively you can watch a recording of the Webinar when it's convenient…
The way in which VAT is charged on construction services will change from March 2021, as a result of new anti-fraud rules being introduced by HMRC. With just over a month left to go till these changes come into play, it is crucial that if you are in the…
If you carry out construction work in the UK as a contractor and you're registered with the Construction Industry Scheme (CIS), the Sage 50 CIS v2 module for Sage 50cloud Accounts is here to help. It helps you keep up to date and compliant with Construction…
Bookings are now open for free, live webinars about CIS Domestic Reverse Charge VAT for Sage 50cloud Accounts.
These webinars will run regularly throughout January, February and March 2021.
The webinars cover:
What the legislation changes are…
The way in which VAT is charged on construction services will change from March 2021, as a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC).
Read more >
