NOTE: The CITB levy is calculated on the net value of the labour elements of subcontractor invoices. CITB Levy doesn't appear on subcontractor monthly statements.
For further information about the CITB levy, please refer to the CITB website.
The following steps contain everything you need to help you record the CIS CITB Levy in Sage 50 Accounts. However, if you're using Sage Accounts 2014 (v20) or below, please refer to the Steps - 2014 & below tab. You can check your software version in Help > About > Program Details > Version Number.
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EXAMPLE: The main contractor is invoiced by the subcontractor, Mr Bloggs, for £100 relating to labour plus £20.00 VAT. The CITB levy applied is 1.5%. Mr Bloggs' tax treatment for CIS is Standard Net at 20%.
So that the CIS Tax calculates correctly you must post two separate invoices, one for the net value and one for the VAT value.
| A/C* | Date* | N/C* | Details | Net | T/C* | VAT |
|---|---|---|---|---|---|---|
| Bloggs | Date | 6000 | Labour | 100.00 | Original subcontractor invoice tax code | 0.00 |
| Bloggs | Date | 6000 | Labour | 0.00 | Original subcontractor invoice tax code | 20.00 |
You've successfully posted the purchase invoice from your subcontractor.
| A/C* | Date* | N/C* | Details | Net | T/C* | VAT |
|---|---|---|---|---|---|---|
| Bloggs | Date | 6000 | CITB Levy | 1.50 | Original subcontractor invoice tax code | 0.00 |
You've successfully posted the CITB levy credit to reduce the outstanding value of the subcontractor invoice.
You must allocate the purchase credit to the invoice for the net value.
| Date* | Enter the date required for the allocation. The current program date is entered automatically, but can be amended if required. |
|---|---|
| Cheque No. | Leave this box blank as no further transaction will be posted. |
| Amount | Leave the Amount or cheque value box blank. |
You've now allocated the credit to the invoice.
You must post the payment to both the invoice for the net value and the invoice for the VAT value.
| Date* | Enter the date required for the allocation. The current program date is entered automatically, but can be amended if required. |
|---|---|
| Cheque No. | Enter a reference or cheque number if appropriate. |
| Amount | Leave the Amount or cheque value box blank. |
You've now successfully posted a payment to your subcontractor and a purchase credit to deduct CIS tax from the invoice. You must now journal the CITB levy value from the Labour (Direct Expense) nominal code to the CITB levy (Overhead) nominal code. For further information about doing this, please refer to the following section.
| N/C* | Name | Details | T/C* | Debit | Credit |
|---|---|---|---|---|---|
| 6000 | Labour | CIS CITB Adjust | Original subcontractor invoice tax code | 1.50 | |
| 8200 | CITB Levy | CIS CITB Adjust | T9 | 1.50 |
You've now moved the outstanding CITB levy value to the CITB levy code. The levy remains outstanding until the total levy for the period is paid to the CITB.
| Bank* | Date* | N/C* | Details | Net | T/C* | Tax |
|---|---|---|---|---|---|---|
| Enter the Bank Account that the payment is paid from | Date | 8200 | CITB Levy | Amount due | T9 | 0.00 |
You've now successfully posted your payment to the CITB.
The following steps contain everything you need to help you record the CIS CITB Levy in Sage 50 Accounts in Sage Accounts 2014 (v20) and below. If you're using a later version of Sage Accounts, please refer to the Steps tab. You can check your software version in Help > About > Program Details > Version Number.
EXAMPLE: The main contractor is invoiced by the subcontractor, Mr Bloggs, for £100 relating to labour plus £20.00 VAT. The CITB levy applied is 1.5%. Mr Bloggs' tax treatment for CIS is Standard Net at 20%.
So that the CIS Tax calculates correctly you must post two separate invoices, one for the net value and one for the VAT value.
| A/C | Date | N/C | Details | Net | Tax Code | VAT |
|---|---|---|---|---|---|---|
| Bloggs | Date | 6000 | Labour | 100.00 | Original subcontractor invoice tax code | 0.00 |
| Bloggs | Date | 6000 | Labour | 0.00 | Original subcontractor invoice tax code | 20.00 |
You've successfully posted the purchase invoice from your subcontractor.
| A/C | Date | N/C | Details | Net | Tax Code | VAT |
|---|---|---|---|---|---|---|
| Bloggs | Date | 6000 | CITB Levy | 1.50 | Original subcontractor invoice tax code | 0.00 |
NOTE: The CITB levy isn't subject to VAT. If a T1 tax code is used to match the original subcontractor invoice then the VAT value must be 0.00.
You've successfully posted the CITB levy credit to reduce the outstanding value of the subcontractor invoice.
You must allocate the purchase credit to the invoice for the net value.
| Date | Enter the date required for the allocation. The current program date is entered automatically, but can be amended if required. |
|---|---|
| Ref or Cheque No | Leave this box blank as no further transaction will be posted. |
| Amount or cheque value box | Leave the Amount or cheque value box blank. |
You've now allocated the credit to the invoice.
You must post the payment to both the invoice for the net value and the invoice for the VAT value.
| Date | Enter the date required for the allocation. The current program date is entered automatically, but can be amended if required. |
|---|---|
| Ref or Cheque No | Enter a reference or cheque number if appropriate. |
| Amount or cheque value box | Leave the Amount or cheque value box blank. |
You've now successfully posted a payment to your subcontractor and a purchase credit to deduct CIS tax from the invoice. You must now journal the CITB levy value from the Labour (Direct Expense) nominal code to the CITB levy (Overhead) nominal code. For further information about doing this, please refer to the following section.
| N/C | Name | Details | T/C | Debit | Credit |
|---|---|---|---|---|---|
| 6000 | Labour | CIS CITB Adjust | Original subcontractor invoice tax code | 1.50 | |
| 8200 | CITB Levy | CIS CITB Adjust | T9 | 1.50 |
You've now moved the outstanding CITB levy value to the CITB levy code. The levy remains outstanding until the total levy for the period is paid to the CITB.
| Bank | Date | N/C | Details | Net | T/C | Tax |
|---|---|---|---|---|---|---|
| Enter the Bank Account that the payment is paid from | Date | 8200 | CITB Levy | Amount due | T9 | 0.00 |
You've now successfully posted your payment to the CITB.
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