Please explain how the CIS module is compliant with regards to the HMRC CIS340 document paragraphs 3.1 to 3.10
please refer the attachment for further details.
Userlevel 6
+16
Hi,
IFS is listed as an approved software provider for CIS: https://www.gov.uk/government/publications/construction-industry-scheme-cis-commercial-software-suppliers/construction-industry-scheme-cis-commercial-software-suppliers
IFS supports subcontractor verification proposals with an interface to HMRC, tax withholding based on spend type, CIS returns through an interface with HMRCS and statements to subcontractors. Do you have any specific questions about how any of that works?
Hi Kanishka,
This was supported in core application from IFS Cloud 22R2. You should be able to find more information in the Release Documents in 22R2 (under Finance product).
If you find it difficult to locate them, please contact me via MS Teams.
Kind Regards,
Rajith
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