Reporting CIS Suffered by Contractor

[numbersrule]

I can't find clear guidance online about reporting CIS Suffered by Contractor.
Should you only report a single End of Tax Year total in April prior to the 19th?
Or do HMRC expect a regular monthly YTD amount in each month's EPS?

Many thanks for considering this

 

[Ziggy2024]

It depends on whether you are a sole trader or a ltd company.

Sole trader - offset against personal tax so reported when you complete the tax return
Ltd company - offset against payroll costs so monthly EPS reports required.

 

[Ziggy2024]

Each EPS should show the total to date.

I do know companies that only report the CIS at the end of a period (when they complete the VAT return for example) or indeed at the end of the year. This is not how it is supposed to work but HMRC do not seem overly concerned about it in my experience.

 

[numbersrule]

It depends on whether you are a sole trader or a ltd company.

Sole trader - offset against personal tax so reported when you complete the tax return
Ltd company - offset against payroll costs so monthly EPS reports required.

Thanks Ziggy that makes sense.
This is for a Ltd so monthly EPS.
We can start the new Tax Year with correct reporting.

 

[numbersrule]

Each EPS should show the total to date.

I do know companies that only report the CIS at the end of a period (when they complete the VAT return for example) or indeed at the end of the year. This is not how it is supposed to work but HMRC do not seem overly concerned about it in my experience.

Thanks