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Status Acknowledged
Product IRIS KashFlow
Categories Invoicing & Quotes
Created by Guest
Created on Jul 16, 2018

CIS Split

It would be very helpful (for customers in particular) to have a summary at the bottom of an invoice of the total labour costs and total material costs within that invoice. Although Kashflow does calculate the CIS, when an invoice is considerably large and requires line items, a total summary of labour and materials would be very helpful to the customer. 

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  • Jon Evans
    Reply
    |
    Jul 16, 2018

    Agreed.

    Ideally this would be achieved in setting up the pdf fields so that it is optional. 

    Calculating CIS is a time consuming activity and made more onerous by (the customer) having to tot up individual line items. Kashflow is there to make things easier for all parties, not more burdensome.

    Please note that if we submit an incorrectly calculated CIS return, HMRC is quick to issue fines for wrongly calculating the tax that the contractor is collecting on their behalf.