OPSFi: Enhancement Request For CIS To Support Legal Entities Model (Doc ID 2167563.1)

Last updated on OCTOBER 26, 2022

Applies to:

Goal

Enhancement request for CIS to support Legal Entities

1. Describe how the current product is insufficient:
The OPSF(I) CIS functionality only supports one Contractor registration (please don't confuse this with a Subcontractor registration) with HMRC per Operating Unit (OU).
For cases where there are many legal entities within a single OU, some have to provide a CIS return, others are out of scope. Of those that are in scope, some are joint ventures, and have a different CIS Registration number with HMRC. The requirement is to be able to submit several returns to HMRC within a single OU. One for each Legal Entity that is in scope.

2. Provide a detailed description of the Enhancement Request:
CIS functionality to use the existing R12 Legal Entity model and support the submission of CIS returns by separate Legal Entities within an Operating Unit

3. Explain why Oracle Development should consider the Enhancement Request
It provides significant savings for the company to be able to use the shared service center model with in a single OU and to be able to quickly stand up a new joint venture without configuring an new operating unit for that joint venture. As a construction company forming new joint ventures for new major projects is business as usual.

4. Please provide and describe the business flow that is affected by this Enhancement.
Invoice Validation - Withholding Tax calculation - CIS return submission - payment of CIS tax to HMRC.
 

Solution

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