Problem with late CIS information and RTI? | AccountingWEB

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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EPS includes CIS Offset

TomMcClelland |
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