CIS Tax deductions

[ventilla1]

How would I account for CIS tax deductions by a customer after I have sent them an Invoice - if customer deducts 20% from labour costs and their resultant payment does not tie up with Invoice total as a shortfall had been created by deduction of CIS tax?

[FaradayKeynes]

this should help

Managing CIS tax taken on sales invoices

Hi I have been using the Quickfile workaround for the CIS tax deductions that are taken by our customers from sales invoiced payments. I need to use the CIS figures for my monthly tax return, which are submitted for the month in which they are paid. The problem is that the nominal account ‘CIS deductions’ records the deduction at the invoice date, not the paid date. I need to record the date paid so that I can allocate the deduction to the right month. Can I use the following practice instea…