CIS - Subcontractor Summary
The CIS Subcontractor Summary window can be opened, via the right-click menu on the Header of the Payment transaction in the PL Transactions Enquiry window, from transactions where a purchase invoice or credit note can be raised and where the chosen supplier is contracted within the Construction Industry scheme (CIS).
All values for which a CIS Taxable analysis code have been selected will be totalled and displayed as Net CIS Taxable.
All values for which a normal (not CIS Taxable) analysis code have been selected will be totalled and displayed as Net Material Cost.
VAT will be shown along with the invoice total.
Expected deductions will be shown - CITB Levy and Tax Withheld, if these are indicated by the subcontractor information currently held.
Because the tax is calculable at the date of payment (not the date of the invoice) these figures are guideline figures only and will be recalculated when payment is made.
You will be able to enter transactions for subcontractors that have not been matched or verified. Initially, the summary will indicate that tax will be withheld at the higher rate appropriate to the date of the transaction. Before you can pay the subcontractor, you will need to obtain a tax status from HMRC and update the subcontractor's details. Then, when you come to make the payment, the tax will be recalculated using the updated tax status information.
CIS Subcontractor Summary from Invoice Detail
The CIS Subcontractor Summary can also be opened from the Subcontractor toolbar button on the PL Invoice Detail window. When opened from this location, the fields below are included.
Surveyor
Here you can enter the name of the surveyor who is estimating or approving the work.
Authorisation
There are also fields in which you can enter information with respect to getting the invoice authorised.
If you have selected the system option Invoice Authorisation Required, you will not be able to process remittances for subcontractor invoices until the invoices are authorised.
Authorisation can be indicated by ticking the option on this window when the invoice is entered or later using the Authorisation window.