If you make deductions, you must send a payment and deduction statement to your subcontractor within 14 days of the end of each tax month.
Under CIS, you must keep records of:
Keep the details for at least three years after the end of the tax year they relate to.
Once you activate CIS, you can:
Follow our guide to set up CIS for your business.
CIS reports will only include transactions entered once you've activated CIS.
Only make submissions via Sage Accounting if you entered all transactions using the CIS feature
If you have a combination of transactions entered using another system and Sage Accounting's CIS feature:
If you've entered CIS transactions in Accounting manually, you can still set up the CIS feature. Follow our guide on how to start using the CIS feature.
We create your subcontractor payment and deduction statements (CIS vouchers) at the same time as your CIS Monthly return. They're in a Zip folder with one PDF statement per subcontractor, paid within the period.
To comply with HMRC guidelines, download the statements and forward them to your individual subcontractors.
From the relevant Monthly Return row, choose Download, then Subcontractor Statements.
We automatically save the statements in a zip folder in the default Downloads area on your PC.
We don't automatically email subcontractor statements to subcontractors. Each statement saves as a PDF file.