Solved
Can someone help me with subcontractors who are gross rated for CIS i.e. CIS gross rated 0%?
Why is the return asking me for a verification number? I don't need to verify if they are gross rated?
I’m here to help you file your CIS return, @KayThompson.
To ensure you accurately file your return for the tax month, you’ll need to submit the following information to HMRC:
- Subcontractors name
- Verification number
- Gross amount
- Materials amount
- Tax deducted
Thus, even if your subcontractor gross rate is 0% you’ll need to provide the verification number in the return. For more information on the above requirements, I recommend reaching out to HMRC for reference.
Furthermore, I’ve added these resources that you can read to learn more about CIS in QuickBooks Online (QBO):
If you have other questions or queries about filing your return in QBO, you can always leave a reply in this thread. I’ll be around to help you out. Stay safe!
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