CIS Tax Return (Construction Industry Scheme)
If you work in the construction industry you pay taxes to HRMC after every payslip. You could be owed back £1000s but you need to file your CIS Self-Assessment first.
Construction workers have payments deducted under the CIS Scheme to contribute towards self-assessment. The standard deduction rate under CIS is 20%. For those who aren’t registered deductions are 30%.
When Is Self-Assessment Tax Due?
Subcontractors should claim deductions by the deadline of 31st January for the previous tax year.
How Do I Claim My CIS Refund From HMRC?
Workers must file returns online via the HMRC website. You will need to register for the CIS if you haven’t already and file your returns via your online HMRC account.
Why Choose Us?
Our Personal Tax Consultants Legally Reduce Your Bill – We file returns for all types of construction workers, from labourers to carpenters to machine operators. We use our tried & tested tactics to reduce your tax burden so you can spend your money on better things!
We Prevent Costly Mistakes On Your Tax Return – Tax Returns can be complicated and messy. They require time and even one mistake could send your tax bill rocketing. Our self-assessment accountants look at your situation to provide you with a personalised & quick return.
A Tailored Package With A Fixed One-Time Fee – We take the time to understand your business and its goals, creating a bespoke accounting package for you. Our package comes with a fixed fee so you don’t have to worry about surprise bills.
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What Is Included In Our CIS Tax Return Service?
- CIS Registration – Regulation-compliant registration for contractors/sub-contractors.
- Monthly returns for contractors – Tracking payments made to subcontractors whilst making sure deductions are correctly recorded.
- Deduction Tracking For Subcontractors – Maintenance of accurate records of all payments/deductions & ensuring income is reported correctly in Self Assessment forms.
- Self Assessment Tax Returns Filing – Including refunds for overpaid tax and maximisation of deductions & allowances.
- Adherence to CIS Legislation –
- Correct deduction calculation
- Compliance with deadlines.
- Regular updates on changes in CIS legislation.
- Accurate Bookkeeping For Contractors & Subcontractors –
- Proper record maintenance of all payments made, deductions taken & invoices issued.
- Correct document organisation in case of a HMRC audit/inspection.
- HMRC Communication on Your Behalf – Including filings, potential disputes or issues. We challenge fines if theres been an error.
- Tax Consulting – Advice provided on tax planning/optimisation within CIS to minimise tax burdens.