Exchequer 13.1 CIS Configuration

Reverse Charge VAT is a major change to the way VAT is collected in the building and construction industry and comes into effect on 1 March 2021.

It applies to individuals or businesses registered for VAT in the UK where providing or receiving specified services is reported under the HMRC Construction Industry Scheme (CIS).

The CIS Reverse charge does not kick in until March 1st 2021 but has been built into the code from Exchequer v13.0.0.

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Below is a step-by-step guide to help guide you through the newest update for CIS reverse charge.

This is date stamped in the “Support.ini” file in the Exchequer installation folder.

The setup and functionality will not work until this date.

If you want test this you have 2 options:

  1. Edit the date in the ini file from “01-03-2021” to 01-01-2021” (recommended)
  2. Change the system date on your PC to 01/03/2021.

You will have to make sure the date on your transactions is on or after the set CIS DRC Date.

Also, don’t tick end user. If you are an end user the reverse charge does not apply.

Make sure the supplier you choose is linked to a sub-contractor and the sub-contractor has a CIS rate set correctly.

Select an analysis code that is setup for CIS.

For more information please refer to the attached PDF guide below.

View PDF Guide

Note: All guidance provided by Exchequer.

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