Construction industry CIS Reporting

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There isn’t a dedicated CIS button to simply press but there is a guide in the knowledgebase on how to handle it.

CIS - Subcontractors

Introduction This guide explains how to enter your transactions into QuickFile as a CIS Subcontractor. If you invoice a client who is registered under the Construction Industry Scheme (CIS) as a Contractor, then you would always invoice them as normal for the full value of the work done. When you receive payment, this will typically be 20% or 30% less than the invoiced value, depending if you are registered with HMRC as a CIS Subcontractor. This guide will explain in detail how to account for…