CIS subcontractor - Record work completed – VAT Cash Accounting
Description

As a subcontractor who has CIS tax withheld by your contractors, once you've completed your CIS preparation tasks, you're ready to record the work you complete for your contractors.  Here we'll walk you through recording this under VAT Cash Accounting. If you're on the Standard VAT Scheme, you can find more help in our alternative article.

Cause
Resolution

Post a customer invoice for work completed

Example:

 

  • We've completed work for Bloggs and Co, the main contractor
  • We've invoiced them for £200 for labour and in this example, reverse charge VAT applies
  • The contractor hasn't paid us yet

To post the invoice we sent to the contractor:


 

The sales invoice is now posted. Once the contractor pays the invoice, we move onto the next step which is recording the payment received.



[BCB:103:Limitless - 50 Accounts - Construction Industry Scheme:ECB]
[BCB:19:UK - Sales message :ECB]
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