Construction Industry Scheme (CIS) legislation that came into effect in 2016 changed the way subcontractors' tax deductions are managed. Monthly information is now submitted to HMRC before deducting from subcontractors pay, and monthly statements are produced. The Sage 50cloud CIS module has been successfully tested by HMRC to submit the Monthly Online Tax Return (CIS 300) and perform electronic verification of sub-contractor information. The module will help you comply with legislation without generating endless paperwork or additional pressures on your time.
Some products may not be suitable for companies based outside of the UK. If you are unsure, please speak to an adviser on (+44)330 335 0011 for details.