Discover the Ultimate CIS Invoice Example for Financial Services

Cis invoice example for Financial Services

hello and welcome to the nacine's accountants YouTube channel today we are discussing invoicing for materials for CIS subcontractors if you're a construction industry scheme or CIS subcontractor you may sometimes pay for materials that you use on a job yourself if you do you can include the costs of these materials in the invoice you send to your contractor you can only include the cost of materials that you paid for yourself and used on the job if your contractor makes CIS deductions from your payments hmrc requires your contractor to make sure that the cost of any materials is correct you should include details of the materials you've paid for in your invoice so your contractor can check it's a good idea to keep records such as receipts for any materials you've used as your contractor may ask to see these hmrc can query the cost of materials if they don't look right if you don't give details or can't provide proof your contractor can make an estimate of the material costs based on what they think is reasonable you can find more information on government.uk we hope you found this video helpful don't miss out on the chance to receive a free consultation with our expert accountants contact us now at oh one two one seven seven one four one six one and take control of your finances today subscribe to our Channel and hit the Bell icon