Use this screen to set up Construction Industry Scheme (CIS) codes to identify construction subcontractors. These codes are used to track payments to these subcontractors. All payments must be reported to the Inland Revenue.
The CIS codes and account/organization combinations that you set up in this screen will be used as the default accounts for posting CIS withholding.
You must complete this screen before you enter the CIS information in Costpoint Accounts Payable (the CIS Info subtask of the Maintain Vendors screen).
Enter an alphanumeric CIS code of up to six characters in this field.
Enter a description that identifies the CIS code as either a certificate or a registration. This field is required.
Enter a numeric rate of up to 14 characters in this field. The rate must be greater than or equal to 0; it cannot be a negative number. This field is not required, because all codes do not have withholding rates.
Enter, or use Lookup to select, the account that should be used for the tax payable. This field is required if the Rate field contains a value greater than zero.
The account name for the selected Account displays automatically. This field is non-editable.
Enter, or use Lookup to select, the organization that is responsible for paying the tax liability associated with this CIS Code. This field is required if the Rate field contains a value greater than zero.
The organization name for the selected Organization is automatically displayed. This field is non-editable.
Enter, or use Lookup to select, the appropriate reference number 1 and/or reference number 2 values in these fields if Ref 1 and/or Ref 2 are being used for data entry.
Changes to this screen update the CIS_CODES table.