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Problem with late CIS information and RTI?

Company  is a CIS sub-contractor and currently pays PAYE quarterly after off-setting CIS tax deducted from  the payments it receives from contractors.

Company directors are worried that RTI will give them a cash flow problem, as they pay wages monthly and will have to do a monthly RTI report. The CIS deduction information only arrives after they have run their payroll and hence after they have made their monthly RTI report

If directors then off-set the CIS deductions against the PAYE due to be paid quarterly , the monthly RTI reports will not tally with the  PAYE paid over quarterly. Is this a real problem? If so what is the solution?


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23rd Jan 2013 12:43

EPS includes CIS Offset

They will need to file an EPS to claim their CIS offset. Then their payments will balance with their RTI filing.

Thanks (1)