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Supporting Small Business

Construction Industry Scheme/CIS Tax Rebates

Why U-Tax for Self-Assessment?

A premium service at unbeatable prices

CIS Returns typically £100+VAT

We are one of the leading tax agents in the UK and a trusted brand that helps many self employed customers with their self-assessment each day

U-Tax Construction Industry Scheme CIS Rebates

• Struggling to file your own CIS tax return?
• Why should you lose £100′s of pounds from your CIS tax rebate?
• We can quickly and efficiently prepare and submit your Tax Return and ensure that all your expenses are included for a maximum Tax Rebate.

To arrange a FREE initial consultation
please call 01564 774 242 or leave your details on the form

rates subject to VAT

To get the money back in your pocket – Start now!

U-Tax provides a fast, hassle-free, tax refund service for construction industry workers. As a construction worker under the CIS scheme your tax will automatically be deducted from your gross earnings.

You must submit your annual CIS return to reclaim any overpayment of tax. When we submit your CIS tax return the Inland Revenue will refund any overpayment of income tax plus allowable expenses.

How much could I be due on my CIS Tax Rebate?

In our experience workers under the CIS tax scheme can reclaim an average of £1,500 each year. As you are eligible to claim tax back for the past four years under the CIS scheme, your tax rebate amount could be due could run into the thousands.

How do I submit my CIS Tax Return?

If you haven’t done so already you must first register for the CIS scheme as detailed below:
Register for self-employment through HMRC on the website or by calling them on 0845 915 4515
You will receive a letter from HMRC containing your unique tax reference number.
Contact the scheme to complete the registration on 0800 157 7450
You will then need to submit annual CIS tax returns which you can do on your own or through a professional agent such as ourselves.

Further information on HMRC CIS

If you are a self employed construction worker and you have your tax stopped at source by the contractor you will have to complete a self assessment tax return under the Construction Industry Scheme (CIS). This scheme is for contractors and subcontractors. CIS sets out rules for how payments to subcontractors for construction work should be handled by contractors in the construction industry. Under the rules of CIS, you are a contractor if you run a business that employs subcontractors for construction operation. 

Those working in the construction industry are issued with a CIS Statement of Payment weekly or monthly.  This is a certificate of pay showing your income and tax paid on those earnings.

People under the CIS have a standard amount of tax that they have to pay and currently it is 20%. This means that 20p for every £1 you earn is automatically deducted from your gross earnings. You must submit your annual CIS return to reclaim overpayment in tax. The average amount you can reclaim is £1500.  It is vital that people under the CIS complete an annual self assessment tax return.

We offer the most cost effective service on the internet for your annual CIS tax returns guaranteed

People under the CIS are allowed to claim allowable tax expenses, therefore it is important to try and get into a routine of filling relevant paperwork and information. Below are a few allowable expenses for people under the CIS.

Examples of Expenses for Those Under the CIS

• Employee costs
• Premises costs
• Repairs (new machinery, tools and machinery)
• General administration (telephone costs, printing, post and stationary)
• Vehicle expenses
• Motor expenses (petrol, insurance, tax, repairing and services)
•  Travel expenses (tubes and trains, taxis, B&B costs)
• Advertising
• Protective clothing purchased
• Cleaning of protective clothing
• Office equipment purchased

For more information on expenses contact us on 01564 774242 and we will give a detailed explanation.  If you have expenses that are not on this list you still may be able to claim them. Keep a full record of ALL expenses and discuss them with U-Tax. They may be tax deductible.

We will submit your claim for you and deal with all relevant paperwork. We provide a quick, professional & hassle-free service and will deal with all aspects of submitting claim, liaising with the HMRC on your behalf so you don’t need to worry about a thing.

CIS Deadline Date

A date to look forward to if you are a subcontractor in HMRC CIS (Construction Industry Scheme) is April 6th. This is the day you can apply to HMRC for your tax rebate for the previous year. Our service helps in the following ways.

Are you self employed?

You will have had tax deducted at source under CIS, this is normally 20%. Tax for self employed people is based upon your net profit, therefore your tax self assessment is based upon income minus expenses. You also have your personal allowances to take into consideration before you pay tax. The personal allowance for 2011/2012 is £7475 & 2012/13 it is £8100. Any self employed person with reasonable expenses and income will almost certainly be due a rebate.

Are you a limited company?

Because companies pay corporation tax on profits, most businesses (without their own subcontractors) can claim back all tax paid under CIS as a trading expense. Subsequently the CIS rebate goes towards the profits of the company. Dividends can then be taken to reduce the personal tax liability.

Are you employed on PAYE?

Most employed people are eligible to tax rebates. In the circumstances of employed people in the construction industry under CIS tax, employees seldom work in one place, regularly use their own tools and incur other expenses in the line of their employment.

Most if not all of these expenses can be claimed back. Therefore rebates for employed people can be substantial. Please call us and we can advise on tax rebates due.

If you’re interested then please feel free to give us a call today on 01564 774242