Construction Industry Scheme (CIS) & Sage 50

In April 2016 the way contractors and subcontractors deal with Construction Industry Scheme (CIS) legislation is changing. From April 2016 expect the following changes:

  • Online only filing of CIS Returns
  • Re-submission of returns for corrections in previous months
  • New online appeal process
  • The submission of nil CIS Returns will not be mandatory (over 50% of returns are nil)
  • Eligibility of businesses and individuals joining the scheme

And there’s more changes coming in 2017 too…

  • All businesses and individuals in the scheme need to be compliant
  • Compulsory online verification of subcontractors
  • You’ll need to run different reports
  • You’ll need to complete your CIS returns in the HMRC gateway

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The Sage Construction Industry software can help… and from only £10 per month (cashback offer of 10% available when ordering through us):

  • Sage 50 CIS makes handling invoices and payments to subcontractors quick and easy
  • It’s fully compliant with the latest legislation changes and CIS returns can be submitted online to HMRC in just a few clicks
  • Simple to correct any errors and re-submit
  • Comply with the latest regulations and get guaranteed cover for future changes in 2017
  • Seamless processing and submission of CIS returns direct to HMRC in just a few clicks
  • Amend and re-submit at the touch of a button
  • Easily enter batch supplier transactions
  • Quick and easy processing of subcontractors invoices and payments
  • All your CIS transactions safely stored and recorded in one place
  • Record the right information and ensure you deduct the correct tax rates
  • Automatically produce your monthly sub-contractor payment statements
  • Produce tax returns and submit them to HMRC online

Bugged by part payments to contractors? Part-payments for the CIS module… coming soon!

Please note that you must have the 2016 (v22) software to use the latest CIS module for Sage (the last one was developed about 6 years ago and as such will not be compliant with the new legislation).

Contact us for a quote if you need to upgrade or to chat to us about your CIS software requirements.