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Post Info TOPIC: CIS
T


Newbie

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Posts: 1
Date:
CIS


confuseHI All I'm New to the Forum, I recently started working at a firm and I'm getting my head around the CIS processing, Some Suppliers and exempt or zero rated from the scheme. My processor put everything as T9 in sagefor CIS Suppliers but some of these areexempt which sage code should be t2 or in some cases T0 of some supplies are zero rated please advise (cash accounting) I was only awareof MOT/wages /journals/tolls that this should be t0 not t9?



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t


Guru

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Posts: 664
Date:

Hi

How's about an intro before we start- we always ask newbies. Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.

You may want to read through your post and clarify a few things as I am not sure what you are actually asking



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Posts: 7206
Date:

T doesnt appear to have been back on.

I get the feeling this was a VAT code query. Worryingly T appears to be going off what has been done before rather than using knowledge of whether the VAT is payable or reclaimable in line with the VAT act.

Would CIS ever be Exempt?

Tolls do carry VAT.

Some MOTS carry VAT as well.

Be good to know more about background and specific Q wouldnt it Doug.

__________________

Joanne

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.



Guru

Status: Offline
Posts: 664
Date:

Cheshire wrote:

T doesnt appear to have been back on.

I get the feeling this was a VAT code query. Worryingly T appears to be going off what has been done before rather than using knowledge of whether the VAT is payable or reclaimable in line with the VAT act.

Would CIS ever be Exempt?

Tolls do carry VAT.

Some MOTS carry VAT as well.

Be good to know more about background and specific Q wouldnt it Doug.


Yes, it would of been nice to get a reply and be able to help, but obviously we were not needed after all.



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice

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