CIS - How to Raise and Invoice
How to Create a CIS Invoice to send to the customer if you are VAT registered.
We get asked this question a lot, so here is an example of CIS Invoice exampling how to show VAT and CIS deductions.
Labour Cost - £200
Materials - £100
Total Before VAT - £300
VAT @ 20% - £60
Total Invoice Before CIS - £360
Less CIS on Labour @ 20% - £(40)
The Total amount Payable to you - £320
CIS is only deducted from the Labour element of your invoice and does not affect the VAT amount the customer has to pay.
Remember, don't discount your labour element, as your invoice must show the original cost before any CIS is deducted.
We can help support your invoices and manage your monthly HMRC filling and PAYE; call for a quote and leave CIS accounting to us.