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Post Info TOPIC: EPS & CIS Suffered
Marky65


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EPS & CIS Suffered
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Hi

Over the last couple of months (payroll month 11 & 12) a client has had CIS deductions taken from payments.  He doesn't employee sub-contractors so I am claiming these deductions through the payroll.

Running the month 12 payroll and just about to submit an EPS for CIS suffered and have a query over the amount I should enter

Should it be the amount of CIS suffered in the month or should it be the amount suffered in the year to date

For example

month 11

CIS  £100.00

month 12

CIS £150.00

So should I input £150 or £250

Thanks for your help

Mark

 



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M & G Associates

Website www.mgassociates-accountancy-services.co.uk/

Accountancy Services Plymouth, Bookkeeping Payroll Sage Training

 
Peaman


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I assume this is for a limited company!

With Moneysoft I just enter the CIS deducted from the client's income in the month, so I would enter £100 in month 11 and then £150 in month 12.

I expect this will be the same with whatever system you are using.

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Richard 
RobH


Expert

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Posts: 1963
Date:
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Hi Mark,

My understanding is that you submit a running balance (at least on Sage but I assume all software), so £100 and then £250. It seems crazy and counter intuitive though!

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Rob
www.accounts-solutions.com
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