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  • New to CIS? Find out how the Sage 50cloud Accounts CIS module can help

    If you use Sage 50cloud Accounts and you're new to subcontracting workers under the UK Construction Industry Scheme, the CIS module can help you stay compliant. The module is quick to set up and makes it easy to: Verify subcontractors' CIS details…

  • How will CIS Reverse Charge work in Sage 50cloud Accounts?

    As a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC), the way in which VAT is charged on construction services changes from next Monday, 1 March 2021 . The good news is Sage 50cloud Accounts includes new features to…

  • Use batch changes to assign new CIS tax codes to relevant customers and suppliers

    Domestic Reverse Charge The way in which VAT is charged on construction services changes from 1 March 2021 - Read more > To assist with this new legislation, Sage 50cloud Accounts v26 and above has new tax codes: T21 to be used where CIS Reverse…

  • CIS Reverse Charge - Frequently Asked Questions

    The way in which VAT is charged on construction services will change from March 2021, as a result of new anti-fraud rules being introduced by HMRC. With just over a month left to go till these changes come into play, it is crucial that if you are in the…

  • CIS VAT Reverse Charge

    In March 2021, HMRC is introducing the Reverse Charge for VAT, which will be a major change to the way VAT is collected in the building and construction industry. You can find out more about what's changing in our CIS common questions guide , in the HMRC…

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