CIS Tax Refunds

CIS Tax Refunds

CISIf you work in the construction industry in the UK on a self employed basis then you need to complete a self assessment tax return form. This tax return needs to be submitted to HMRC by the 31st January after the end of the tax year.

The CIS tax return should bring together all your income and expenditure for the relevant tax year, it will also include the tax that has been deducted from your pay by the main contractor. You will be given credit for the tax you have paid and you may even be due a CIS tax refund.

How can SimpleTaxReturns help?

If you’re due a refund you have to submit a claim to HMRC. You could do this yourself but will have to understand the tax legislation and it takes time to fill in the paperwork and submit evidence to the revenue.

So we offer another option – we’ve been claiming construction tax rebates for many years and to date have claimed back more than £1 million in overpaid tax for UK construction workers.

Why not give us a call and find out more? You have nothing to lose. We don’t charge a fee until you get your money back, so there are no upfront charges.

What is CIS tax?

CIS stands for Construction Industry Scheme. It’s a special tax scheme just for the construction industry.

Under the scheme, contractors are required to make CIS tax deductions from their subcontractors and pay this money to HMRC. When the subcontractor submits their CIS subcontractor tax return at the end of the tax year, most or all of their tax has already been paid. The standard CIS tax deduction is 20%, so if you’re a CIS subcontractor, you could have overpaid tax and be due a tax rebate.

To find out more, call our specialist team.
Useful guidance: HMRC Guidance
Speak to a tax expert

simpletaxreturns.com is rated 4.74 stars by Reviews.co.uk based on 540 merchant reviews

4.74 / 5 Rating
540 Reviews
Quick and simple service, although communications with the tax advisor were somewhat sketchy and the first draft came back incorrect due to a miscalculation with my p11d. Only resolved when i questioned the figures. The concerning part of the process however was with payment - i received a link to make a payment £50 higher than the price agreed. When i questioned this, the advisor informed me via email midway through November that 'prices had gone up due to exceptional demand'! I checked the simpltax website, and guess what, the advertised prices hadnt changed. It felt like a very poorly executed attempt to get more money from me and that type of behaviour just isnt professional. When challenged, he returned the invoice to the correct amount,but this left a really bad taste. I wouldnt use them again.
Very good and efficient tax company. Good value for money. Very ethical. I would definitely recommend.
Mark was always available to discuss any issues I had. I did not have a clue and he helped me throughout the process.