Hi, I have a Payroll Core subscription for a small companies. I do not have an employee, but works under CIS. How could I report to HMRC about CIS suffered?
Thank you,
Roman
Hi MR Hands Ltd Thanks for reaching out to us here on the Community. To clarify, you are a limited company, you have subscribed to the Core payroll system, you don't have any employees however you operate under the CIS system and would like to submit the CIS suffered amount to HMRC?
Hi John,
I have no employee, but I had a subcontractor I have paid. In the same period I suffered CIS on the payment I received from my contractor. So my question is how to submit EPS to HMRC so they can see the amount of CIS suffered and offset it against the amount of tax I should pay to them? For the reference: I am using QB online Payroll Core.
Thank you,
Roman
Thank you for the additional details you've shared, @MR Hands Ltd. I'm here to help you submit your CIS to HMRC in QuickBooks Online (QBO).
QBO can automatically calculate your CIS deductions, track the amounts withheld or suffered, generate the necessary reports for HMRC, and submit these reports directly.
To begin, let's first turn on CIS in your QBO. Please note that this action is irreversible:
Please refer to this article for the detailed steps: Turn on CIS in QuickBooks Online.
Let's now record the CIS deduction suffered:
Please refer to this article for the detailed steps: Record CIS deductions suffered in QuickBooks Online Core Payroll.
After recording, you can send it to HMRC by going to Taxes in the left menu and choosing CIS. Then, click View return under the ACTION column.
Additionally, you can run payroll reports to get a comprehensive overview of your business finances.
Let us know if you have other concerns about CIS and HMRC in QBO. We're here to help you in any way we can.
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