The Tax & VAT tab enables you to enter details of the subcontractor’s VAT and income tax papers.
Subcontractor Maintenance - Tax & VAT tab
Enter the details of the relevant VAT and income tax Information in the relevant fields.
Fields | Description |
Country | The main country where the subcontractor is based. |
VAT Registered | Is the subcontractor VAT registered? Some of them may not be. If they are, then the VAT Number should be displayed in the description. |
Default VAT Code | Select the default VAT code for this subcontractor. This automatically populates the VAT field when inputting the invoice or payment. |
Tax Scheme | The tax scheme for the subcontractor. This calculates the tax. If you are entering the details of the tax scheme, then you should enter V = Valid. |
Construction Industry Scheme - CIS
The CIS (Construction Industry Scheme) Tax Exception Certificates will be available in the table at the bottom of the page.
To enter details of a certificate, click Add (
).A new line is displayed to enter the details of the certificate.
Construction Industry Scheme details
Enter the details of the certificate in the relevant fields defined in the table below.
Fields | Description |
Type | The type of tax exemption certificate held by the subcontractor. |
Certificate | Enter the number on the subcontractor's certificate. |
NI / Co. Reg | Enter the subcontractor's national insurance number or co. reg. number, as appropriate. For a partnership, leave this blank - Coins ERP+ will prompt you to confirm that the subcontractor is a CIS(5) partner. |
From To | The dates the certificate is valid. |
Holder | Enter the "Authorised User" or "Issued To" name as it appears on the certificate. |
Txns? | Are there any transaction, orders, or payments against the certificate? |
Complete the details and select the Verification tab.
Subcontractor papers configuration
Do not set up a subcontractor as exempt from the scheme unless you are certain they are; otherwise, HMRC may require you to pay tax for them.