In contrast to the paradigms used in most laboratory experiments on interval timing, everyday tasks often involve tracking multiple, concurrent intervals without an explicit starting signal. As these characteristics are problematic for most existing clock-based models of interval timing, here we explore an alternative notion that suggests that time perception and working memory encoding might be closely connected. In this integrative model, the consolidation of a new item in working memory initiates cortical oscillations that also signal the onset of a time interval. The objective of this study was to test whether memory consolidation indeed acts as the starting signal of interval timing. Participants performed an attentional blink task in which they not only reported the targets, but also the estimated target onsets, allowing us to calculate estimated lag. In the attentional blink task, the second target (T2) in a rapid serial visual presentation is often not reported when it follows quickly after the first target (T1). However, if this fast T2 is reported, memory consolidation of T2 is presumably delayed. Consequently, if memory consolidation determines interval onset, we would expect a later estimated onset when consolidation is delayed. Furthermore, as the P3 ERP component is assumed to reflect memory consolidation, we expect that the estimated onsets and subjective lag are functions of the P3 latencies. The behavioral data show that the presumed delay in memory consolidation did not lead to later estimated onsets. In addition, the EEG results suggest that there was no relationship between P3 latency and subjective lag or estimated onset. Overall, our results suggest that there is no direct link between the encoding of items in working memory and sub-second interval timing of these items in the attentional blink task.