Mercurius - CIS Automation Module
Construction Industry Scheme (CIS) Automation
BC
Solution Details
Mercurius IT has developed a module for Microsoft Dynamics NAV / Business Central that automates the accounting aspects of CIS invoices from subcontractors and the payment part. This construction industry solution manages construction subcontractors’ advance tax and National Insurance liability. In addition, it automates the registration of subcontractors’ advance tax with HMRC.
About Mercurius
Under the Construction Industry Scheme (CIS), contractors deduct money from subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions are advance payments toward the subcontractor’s tax and National Insurance. Contractors must register for the scheme. Subcontractors don’t have to register, but deductions are taken from their payments at a higher rate if they’re not registered.
Other Solutions by Mercurius
No other solutions available from this vendor.
Contact Information
Supported Products
Business Central