CIS Work around for Suppliers

[ian_roberts]

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CIS - Contractors

Introduction This guide explains how to enter your transactions into QuickFile if you’re a CIS Contractor. If you receive invoices from your subcontractors with CIS then you will only be expected to pay the NET amount, minus the CIS deductions to the subcontractor, the remainder will be paid to HMRC. 1. Create a bank account Think of this as a virtual bank account where you can track any CIS deductions on the invoices you receive. In the bank management section click the green button at the …