CIS - Supply Only Invoices
AnyPotts
Registered Posts: 13 New contributor 🐸
in Bookkeeping
Hello
I have an invoice received from a CIS Sub-Contractor for Supply of materials only (and no labour).
Do I need to record it as CIS Material Cost so that it appears on the CIS Return, with nil amount deducted?
Or do I enter it to a normal material nominal (so that it does not appear on the CIS return at all)?
I can't get a definitive answer from the HMRC guidelines
I have an invoice received from a CIS Sub-Contractor for Supply of materials only (and no labour).
Do I need to record it as CIS Material Cost so that it appears on the CIS Return, with nil amount deducted?
Or do I enter it to a normal material nominal (so that it does not appear on the CIS return at all)?
I can't get a definitive answer from the HMRC guidelines
0
Comments
-
First of all you need to make sure that the invoice is correct and it does relate to only materials, it is down to the contractor to make sure this is right as if not it will be them who are liable to pay the tax.
If you are happy that the material element is correct then include on the CIS return as materials with no deductions2 -
thank you doug0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership