Construction Industry Scheme

For organisations in the construction industry, or those involved in either side of a sub-contracting relationship, FocalPoint provides a full set of functions supporting the processes and procedures involved, including HMRC compliant C.I.S management. All the current schemes are catered for, with full extensibility to future regulations built into the design.

C.I.S for Sales

For companies that operate as sub-contractors, FocalPoint provides the ability to raise applications for payment following the process most suitable for the type and needs of the business. The forms can be raised on a cumulative basis or not as required. They can take into account discounts and retentions as well as registering certificates received. Upon approval or certification, FocalPoint can create an invoice automatically for processing in the normal way. Any retentions held back are calculated automatically for final invoicing at the appropriate time.

C.I.S for Purchases

For companies employing sub-contractors, all the required regulatory and reporting requirements are built into the system. For example, C.I.S 4 tax allowance on labour can be calculated automatically for posting to HMRC. All the required vouchers and reports for each scheme can be generated directly out of the system. Retentions can be set at a number of levels and applied automatically to applications for payment or invoices. An automated enquiry screen keeps track of these values for all suppliers for later settlement and reconciliation.

Reporting

C.I.S reporting can be set up for client specific requirements and can be used in conjunction with the enquiry screens to review the status of all applications and related information in real time.

Benefits

• Comprehensive coverage of all C.I.S requirements
• Supplier and Customer processing fully integrated
• Clear and easy to use interface

Read More...