CIS tax

n_palmer13
n_palmer13 Registered Posts: 2
Hi everyone.

I have a problem with some old CIS tax. It has been claimed against PAYE in a previous accounting year, but the difference is still sitting on the debtors account so it looks like the amount is still owing to the client. Just wondering, should this difference just be written off to sales or should it go on its own as a prior year adjustment?

Thanks

Comments

  • Gem7321
    Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    If it's been claimed against PAYE then it should be adjusted to PAYE. And if it's relating to an old year it should have been rectified in the opening balance adjustments anyway?
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