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CIS


VAT Domestic Reverse Charge for the CIS Update

From 1st March 2021, the Domestic Reverse Charge must be used for most supplies of building and construction services. The new rules apply to:- Services reported under the Construction Industry Scheme Individuals and businesses that are VAT registered in the UK and where VAT is chargeable at 20% or 5% The reverse charge does not […]

Read more March 24th, 2021

Domestic Reverse Charge For CIS VAT Codes For QuickBooks Users

Following HMRC’s introduction of the new rules from 1 March 2021, QuickBooks have now updated their processes so you only need to have VAT activated on QuickBooks to be able to access the new VAT codes. You do not need CIS Tax activated as well. You will need to activate the new VAT codes as […]

Read more March 12th, 2021

Domestic Reverse Charge For The Construction Industry Scheme VAT Codes To Use

The new VAT rules for HMRC’s Domestic Reverse Charge for the Construction Industry Scheme comes into effect on 1 March 2021. If you are using software to prepare your bookkeeping, you will need to use new VAT codes to account for these transactions. The new VAT codes can be found as follows:- Sage Line 50 […]

Read more February 24th, 2021

CIS – What Is It And Will I Need To Register?

We have spoken to a number of clients and potential clients over the last couple of months who have been looking at developing or putting up a new build on the land of a property that has been purchased. Therefore, we wanted to briefly cover the Construction Industry Scheme (CIS). What is it and when […]

Read more October 2nd, 2018

Changes To The Government Gateway

The government gateway that many businesses use to make online submissions for VAT Returns, EC sales lists, and CIS Returns is to be decommissioned on 14 February 2018. This will be replaced with a new platform. This change will affect some businesses using old software that currently integrates with the gateway to make online submissions. […]

Read more January 24th, 2018

Missing CIS Vouchers

We remind construction companies of their responsibility to maintain adequate records in respect of CIS deductions made by contractors from payments they receive and CIS deductions made by them from payments made to sub-contractors. There have been a number of instances each year where we have had to contact HMRC on behalf of clients for […]

Read more November 12th, 2010