Star payroll software receives HMRC recognition for CIS online services ahead of April 2007 deadline   October 16 2006 The Star Payroll Professional software has received its Recognition Letter from HM Revenue & Customs (HMRC) for online filing of returns and verification requests under the CIS (Construction Industry Scheme). Star is also given this recognition on the HMRC website. This, says Star, is official confirmation that Star Payroll Professional meets the requirements for online submission of monthly CIS returns (CIS 300) and verification requests over the internet, without the need for links to sales and purchase ledgers. “From April 2007, employers will have to complete a verification procedure before paying a sub-contractor and the payments will be subject to specified tax rates. Employers will also be required to file their monthly CIS returns over the internet,” explains Carol Bradbury, Star Payroll Professional Product Manager. Star Payroll Professional is designed to control the entire process. When setting up an individual's record in Star Payroll Professional, there will be a choice as to whether the person has PAYE or sub-contractor status. In the case of a sub-contractor, a Unique Tax Reference is required and/or a National Insurance Number, before the payment amount can be entered. The record creation procedure automatically assigns an NT tax code and NI letter of X to the sub-contractor. This means that sub-contractors and PAYE employees can be handled in the same datafile and that employers can receive management reports which show sub-contractor and PAYE employee data both separately and combined. “All sub-contractor settings need to be verified with HRMC and the user is reminded of this as the record is being created. Once accepted, specific details of the trading status of the sub-contractor can be entered, such as sole trader, partnership, trust or company, together with associated information,” Bradbury adds. Verification of the sub-contractor can be done by telephone, manually on the HMRC website, or online by simply clicking on Star Payroll Professional's Online Verification button and then stepping through the pages. Whichever method is used, the verification number and date is recorded and the appropriate tax is deducted on the next calculation.
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