Payroll

Submit an Employment Payment Summary (EPS) to show no payment due and reclaim CIS deductions

If no payment is due and Construction Industry Scheme (CIS) deductions are suffered in the same period, you must inform HMRC and submit an employer payment summary. (EPS).

HMRC can only accept a single submission which includes both no payment and the CIS amount.

Submit an EPS

You can send  an EPS to notify HMRC that no payment is due, if you have also suffered CIS deductions in the same period.

1. Click e-submissions, then click Employer Payment Summary.
2. Select the statement You have suffered CIS deductions.
3. Click Next, check the tax month is correct, then click Next.
4. Verify your statutory payment recovered values and NIC compensation amounts.
5. Use your P32 to check that the values are correct. If you need to change the values, you can change then here.
6. The EPS contains cumulative year to date figures.
7. Once the figures are correct, click Next.
8. Enter both the value of CIS deductions suffered and your Corporation Tax Reference.

Note: You must enter you 10-diget Corporation Tax Reference, also known as your Unique Tax Payer Reference, before you can send CIS deductions suffered on an EPS.

9. You can not calculate this value in Sage 50 Payroll, you must enter it manually based on your external records.
10. If there is no payment due to HMRC, select the No payment is due for tax month check box.
11. Click Next, then click Finish.
12. Complete the Internet Submissions wizard.

If you need help sending a nil payment EPS or reclaiming CIS if you are a Limited company or need any other help or advice with your payroll, please contact us

We can also provide a remote access service where we can link into your computer to help you resolve your Sage Accounts or Payroll problems.

Accounts

Clear Audit Trail

Once you have run the year end routine and archived the data, it can be a good idea to clear the audit trail depending on the number of transactions you have.  Clearing the Audit Trail removes transactions which meets a specific criteria.  An opening balance journal is posted that stands for the balance of the removed transactions. The audit trail history holds the details of the removed transactions.

Criteria

Clear Audit Trail removes all transactions that meet the following criteria:

• Date on or before the date you specify.
• Date must be before your current financial year.
• Fully paid.
• VAT reconciled, if applicable.
• Bank reconciled, if applicable.
• CIS reconciled, if applicable.
• If the transaction is allocated, the linked transactions must also meet all of the above criteria.

Any transaction that does not meet all of the above criteria are not cleared from the audit trail.

Memo – We recommend running Clear Audit Trail routine on the computer that holds your accounts data. This routine might take some time.

Clearing the Audit Trail affects retrospective reports that use transactional data, we recommend running any important reports before clearing the transactional history, remember you can always go into your archive data to run reports.

To Clear Audit Trail

1. Click Tools then click Period End and Clear Audit Trail.
2. Enter the date you want to clear transactions up to and click Clear audit trail.
3. Create a backup, click Browse and select the required folder for the backup and click OK, then click OK and click OK.
4. To view the removed transactions, click OK then click Close and click Close.

Postings

When you run a Clear Audit Trail, an opening balance journal posts to your nominal codes to replace the removed transactions.

You can then remove old, unused records, invoices and orders and then compress your data, see earlier articles on how to do this.

If you would like help on Clearing the Audit Trail or removing old records, invoices and orders and compressing your data or need any other help with your Sage Accounts, please contact us