CIS - How To Stay Legal

HM Revenue & Customs (HMRC) have now started charging penalties for all CIS returns not received by the 19th of every month. Any return not received from contractors by the due date will be liable to a fixed penalty of £100 and a further penalty for every additional month that the return remains outstanding. Pegasus CIS is a powerful contract costing system designed to give you complete management control over your contracts. It controls the whole process from Payment Applications and invoicing through to cost entries from subcontractors, purchases, stock, labour etc. Pegasus CIS comes with state-of-the-art data analysis and reporting tools to provide you with the information you need when you need it.