1. CIS Office Support Ltd

2. Background New CIS Scheme Sage 50 Accounts and CIS What you should do to prepare How we can help Questions & Answers Agenda

3. Reduce administration costs to the industry Improve the levels of compliance Help construction businesses get the employment status of their workers right CIS Scheme objectives

4. Out go: –CIS Cards and Certificates –Vouchers –Year End Returns Replaced by: –Unique Tax References –Verification Process –Online Submission –Monthly Returns –Two Tax Deduction Rates (Standard rate increasing from 18% to 20% on all payments on or after 6 th April 2007) CIS Changes

5. Sage 50 CIS Account records Verification Contractors monthly return Subcontractors monthly payment statement

6. Sage 50 CIS Demo Setup Activating CIS Supplier accounts Verification Invoice Payments Returns Supplier Statement

7. Sage 50 CIS Activation

14. Verification

16. Monthly Return (CIS300)

18. Invoices

19. Payments

20. Returns

28. Not required Where paid between 6 th April 2005 & 5 th April 2007 and if valid registration card/tax certificate seen Is required If a payment has not been made in the current or previous 2 tax years. If new subcontractor taken on after 6 th April 2007 Accurate information will ensure successful verification verification

29. Online Submissions Security –Password –Encrypted file with IR Mark Gateway availability –Availability of gateway validated, if issue, notified prior to submission –Polling of gateway Messaging –Interpretation of error messages Integrated –Verification information updated to accounts records HMRC Recognition –For Verification and Returns (CIS300)

30. Contractors Monthly Return Subcontractor Payments Statement Report Reports

31. Advice Support Training & installation Telephone: 01432 761884 How can we help you