Reporting requirements consist of
•Hardcopy
•Automatic XML based transmission to HMRC is still under development.
Hardcopy reporting is complete, with option to download to Excel.
The following Reports are available:
•Withholding Tax Reconciliation Statement Inquiry.
•Withholding Tax Payee Declaration
•Withholding Tax Payment Summary.
1. From Accounts Payable – Select ‘Reports’ menu – then ‘Withholding Statements’
2. Select ‘Reconciliation Statement’ menu, for a dialog based summary of CIS:
3. The summary figures are (re) calculated in real-time as the ‘From’ or ‘To’ periods are (re) selected.
4. ‘Total Deductions sent to Tax Office’ will be enabled once automatic transmission to the tax office is available.
5. Select ‘Payment Summary’ menu, for a dialog with hardcopy reporting options:
6. Select the ‘Tax Office Declaration’ tab for a report of individual Sub-Contractors withholdings which can be used to help submit the monthly Payee Declaration return to HMRC ( this will be automated eventually), and either ‘Preview’ to view online, or ‘Print’ to hardcopy.
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The ‘Excel’ button can be used to download the raw data that makes up the report, into Excel. |
7. Select the ‘Supplier by Month Summary’ tab for a less formal summary of individual Sub-Contractors withholdings , and either ‘Preview’ to view online, or ‘Print’ to hardcopy. The ‘Excel’ button can be used to download the raw data that makes up the report, into Excel.
