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?