CIS assistance pleas

SUGGESTED

Hello - Please be kind! First Time Poster

I have recently taken a new job and have come across a query I am not confident enough to sort out.

Previous book keeper made payments on account to Sub-Contractors under the CIS system - however the invoices were not added in correctly, I have one invoice that does not tie in with the suppliers invoice and also it was added in under the wrong nominal code (Two payments were made, so the invoice was added in two transactions and only one of them was correct.

(The more I write, the more confusing I make it sound)

I have the facts and figures to make it right, however I am reluctant to  correct and amend the CIS return - which I know will also consequently affect the VAT returns too (as these transactions stem back to last June/July & August and our financial year is end of June.. 

So any changes I make affect last years financial accounts, CIS returns and VAT returns.

But the bottom line is the sub-con supplier received the right amount of net payment into his account - however he did not pay cis stoppages or have statement to say he did.

So I need to make everything right for him.

(eg, for example his take home net was £2000 - so he received £100 twice, but as one of the invoices went through under code 5000 rather than 6000/01 everything else is wrong.

Is there anyone that is able to assist please?

  • 0
    SUGGESTED

    Hi Sara,

    Thank you for using Sage City, and welcome to the Forum :) 

    With CIS the only way to edit the transactions would be through reversals in the program, you may be able to delete some transactions but this depends on what it has been allocated to. 

    Could I also check, the payments on account - am I correct in thinking these aren't allocated to the invoices? If this is the case, these transactions should be OK to delete (or post a reversal and allocate it to the Payment on Account) - which will then ensure these are cancelled if incorrect. 

    I'm going to pop you a link below, which will help with making corrections to CIS: Correcting CIS Transactions

    However, if you do require any further assistance we have Accounts Q&A Live Session - where we have technicians on hand to answer queries. The sessions are available Monday - Friday, 9am - 5pm and can be accessed here : Accounts Q&A Live

    If this has answered your question please click More > Verify Answer.

    Regards,

    Nicola