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Every construction business, large or small, needs to get ready for April’s new Construction Industry Scheme legislation. But introducing new ways of working can be disruptive. The last thing you want is to create extra work or be fined for supplying HM Revenue and Customs (HMRC) with late or inaccurate information. That’s why we have introduced Sage 50 CIS. Sage 50 CIS is designed to work with Sage Line 50 2007, to help you comply with the new legislation, without generating endless paperwork or additional pressures on your time. It will help you: speed things up by emailing HMRC directly with your subcontractor details reduce the risk of being fined by producing accurate calculations comply with legislation by easily producing monthly subcontractor payment statements HMRC have successfully tested and recognised Sage 50 CIS to both submit the Monthly Online Tax Return (CIS 300) and perform electronic verification of subcontractor information.
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