You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Construction Industry Scheme (CIS) program

edited Apr 1, 2020 10:20AM in Payables, Payments & Cash Management 5 comments

Summary

Construction Industry Scheme (CIS) program available in Fusion

Content

At the City and County of Swansea we are currently in the process of implementing Oracle Fusion.

As part of the implementation we have been looking at the Construction Industry Scheme (CIS) program.

Construction Industry Scheme(CIS) is the program where contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments towards the subcontractor’s tax and National Insurance.

This functionality was available as a patch in Ebiz R12 and currently unavailable in Cloud.

As a Local Authority we used this process to perform subcontractor verification, monthly return submission and resubmission in R12 using this functionality.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!