CIS Tax Refunds
Those in the CIS (Construction Industry) scheme are almost always due a sizeable tax rebate as they are not allocated a tax free allowance and are able to claim any work related expenses.
CIS contractors are obliged to complete a self assessment tax return at the end of each tax year. Failure to do so will result in unnecessary fines and interest charges imposed by HMRC.
What You Need
- Records showing your income, expenses and any tax paid during the tax year.
- Any P45/P60/Statement of earnings for each employment you had in addition to your CIS work during the last tax year.
P45 – document you get from your employer when you leave during a tax year.
P60 – document you get from your employer when the tax year ends.
Statement of Earnings (SOE) – document employers issue if P45/P60 is missing. This contains the same information as P45/P60, but on a company letterhead.
UK tax refunds for CIS average £1400
Compare the competition
%
- Claimtax 10%
- Tax Etc (12.5%) charge 25% more than Claimtax! 12.5%
- Taxback.com (12.65%) charge 26% more than Claimtax! 12.65%
- Rapid Refunds (17.25%) charge 72% more than Claimtax! 17.25%
- 1stContact (16%+VAT) charge 84% more than Claimtax! 18.4%
- Anglo Pacific (18%+VAT) charge 107% more than Claimtax! 20%
- Refund Direct (18%+VAT) charge 107% more than Claimtax! 20%
- Tax Buddies (40%) charge 300% more than Claimtax! 40%
Please Note: These prices were correct at time of publication (28 March 2009). If there are any misrepresentations, we will correct them as soon as they are brought to our attention.
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