If the tax treatment of a matched subcontractor changes, you will receive a CIS 316 from HRMC. In this case, create a new verification record for the subcontractor, enter the Verification Status as "Matched", and also enter the tax treatment, effective date, and verification number as indicated on the CIS 316. tick the HMRC Notified field. You do not need to re-verify the subcontractor.
The effective date may be in the future. Coins ERP+ will only use the details from the record on or after that date.
Example of CIS 316 - Notification of tax treatment change for a subcontractor
