Pegasus CIS awarded official HMRC recognition for online filing
27 February 2007
The latest release of the Pegasus CIS and Online Filing Manager applications, (2.03), have successfully passed stringent HMRC tests for compliance and quality for the new CIS300 monthly returns over the Internet. In addition, Pegasus CIS has also gained recognition for online verification of subcontractor tax status.
The release of Pegasus CIS 2.03 is a major product release, with some 40 functional enhancements to all areas of the product in addition to a brand new user interface.
The CIS user interface now adopts a new a look and feel with new icons, navigation pane, and desktop wallpaper to give it the most up-to-date user interface on the market.
The functional enhancements have been made as a result of feedback from the large installed base of Pegasus CIS customers in areas such as Jobs, Sales Ledger, Purchases, Stock, Subcontractors, Labour and further integration with Opera II.
Gary Turner, Pegasus Managing Director comments, “This release moves Pegasus CIS up another level in terms of functionality and performance and we are pleased that we have received the official recognition from HMRC in both online monthly returns and also verification. With the deadline for construction businesses to change just over two months away, the pressure to install a solution that conforms to the new legislation is building daily. We are receiving more and more enquiries each week from construction businesses concerned about how to stay legal and the demand is building on our channel to deliver and train businesses on our solution before April.”
Pegasus Construction Industry Solutions (CIS) is a portfolio of solutions specifically designed for the construction and allied industries; providing complete control over all aspects of contracts management, from costing and timesheets through to payment applications, VAT invoicing and cash receipt matching. Fully integrated to the Sales, Purchase and Nominal Ledgers, Cashbook and Payroll, Pegasus CIS conforms to the requirements and regulations of HMRC's Construction Industry Scheme - both now and when legislation changes in 2007.
Pegasus CIS recognises the complex business requirements of the construction sector, offering an unparalleled level of management control over contracts and subcontractors. It integrates with Opera II, Sage Line 50 and Sage MMS.
