hi when i do a purchase invoice to my suppliers . as i m acontractor . when it cames to make a payment its shows the all amount net and tax together which to my subcontractors i should pay only net as tax of 20% goes to hmrc.
haw should i do so the 20% tax its allocated to hmrc?
Hello Monica,
When you record the purchase invoice add an extra line with a negative amount allocated to the 'Income tax and NI Liability' account. See this page for details:
http://www.solaraccounts.co.uk/help/cis-notes-for-contractors.php
Regards,
