CIS v PAYE

Question asked by Jackie Metcalfe Smith 6 months ago

I send in a monthly CIS suffered report to HMRC which offset all/some of the PAYE due.

How do I show this in Clear books? At the moment my PAYE shows as outstanding as I'm unsure how to show it as being paid via CIS.

2 Replies

Hi both,

In this case, you will raise a purchase credit note in which you can allocate to the bill to reduce the amount of PAYE due to HMRC. Please note: you will need to double check with an accountant on which account code is best to use for the purchase credit note.

Tommy

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