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Oil2341
February 17, 2021
Question

CIS marker in Customer Record

  • February 17, 2021
  • 1 reply
  • 0 views

Could someone please explain to me the relevance of the CIS tick box in a customer record? What effect does ticking this box have on anything?

1 reply

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EmmaM
February 17, 2021

Hello Oil234, Essentially when you tick that box you are recording that is a contractor when you tick the box it will ask you to enter more information such as the utr number. When  you are receiving money from a contractor, once ticked if you select the contractor from the top of the page on the invoice  QuickBooks will use your CIS rate to calculate the CIS to deduct (CIS suffered). If you're charging for materials on this job, you can add these too. More information on CIS IN QuickBooks can be found here

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Oil2341Author
February 24, 2021

Thanks for your reply.  I should have stated in my original question that we have gross CIS status, so is there any point in ticking the box if no tax will be deducted from payments we receive?  

However, now I am wondering whether this box needs to be ticked for the upcoming VAT reverse charge to work correctly?

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Ashleigh1
February 24, 2021

Hello Oil234, 

 

So having the box ticked doesn't mean that the CIS is automatically calculated, you would still have to use the relevant CIS accounts on the bill.

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