Construction Industry Scheme: How to Claim a CIS Tax Refund
Almost 1/3 of UK construction workers pay too much tax which equates to an estimated 80 million lost each year. If you feel you’ve overpaid tax, it is time to take back what you’re owed.
You can claim a CIS Tax Refund if, for the last four years, you have worked at 2 or more construction sites for the same company,
and/or used public transport or your own vehicle to get to work. You could get an average of £2,500 from a 4 year refund.
How do you claim your CIS tax refund
How you claim CIS tax refund will depend if you are registered in the CIS system as a sole trader, partner or limited company
Sole traders and partners are required to send in Self-Assessment Tax returns to HMRC, it must outline the full amounts on the invoices as income and, in the ‘CIS
Deductions’ field, any deductions a contractor has made should be indicated.
Keli Evans, Director at LJS Accounting Services, excels in taxation and statutory accounts. With a focus on strong client relationships, she leads a diverse portfolio, overseeing vital financial aspects like VAT, payroll, pensions, and taxation with a holistic and committed approach.