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CIS subcontractor - Record work completed – Standard VAT

Created on  | Last modified on 

Summary

How to record work you complete for your contractor in Sage 50 Accounts, when you're a CIS subcontractor on the Standard VAT scheme.

Description

As a subcontractor with CIS tax withheld by your contractors, complete your CIS preparation tasks, then record the work you complete for your contractors.  These are the steps to record this under the Standard VAT Scheme. If you're on VAT Cash Accounting, you can find more help in our alternative article.

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 £350, consisting of £200 for labour, and £150 for materials. In this example, both elements are zero rated
  • The contractor hasn't paid us yet

To post the invoice sent to the contractor:

  1. Click Customers then click Batch invoice.
  2. Enter the invoice details. In our example:
    A/C Date N/C Details Net T/C VAT
    BLOGGS01 Invoice Date 4000 (sales) Materials 150.00 T21 0.00
    BLOGGS01 Invoice Date 4001 (sales) Labour charges 200.00 T21 0.00

    NOTE: The tax codes used here are an example only.  

  3. Click Save then click Close.

Payments and CIS deductions

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

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