CIS Refund – How do I claim back the CIS Tax Refund?

CIS Refund – How do I claim back the CIS Tax Refund?

Do I need to file a CIS Tax Return?

If you work as CIS Subcontractor, you are required to file a Self-Assessment Tax Return to HMRC. Most CIS Subcontractors receive a CIS refund from HMRC. In this blog, we will explain how to claim back the CIS tax refund back from HMRC.

As is with Sole Traders, HMRC classifies CIS Subcontractors are Self-Employed and are legally obliged to file a Self-Assessment Tax Return.

Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). As a contractor you can claim this back by filing a Self-Assessment Tax Return to HMRC.

The vast majority of our CIS clients enjoy a CIS tax refund. We know exactly what business expenditure you can claim and you can and can’t claim for, so you can be sure that you’re getting the absolute maximum tax refund possible.

When’s the deadline for filing CIS Tax Return?

As with Self-Assessment Tax Return deadline, CIS Tax Returns can be filed after the tax year ends, i.e 5 April. The deadline for filing is by 31 January following the end of the tax year.

How do I file a CIS Tax Return?

CIS Tax Return can be either by submitted using the HMRC online accounts or through an authorised HMRC agent. If you need any help with your CIS Tax Return, get in touch.

How easy will it be to claim a CIS refund?

We can help claim the CIS refund from HMRC. Just fill out the contact us form at the bottom of the page and we’ll contact you as soon as possible to discuss the entire process.

happy ethnic constructor at table with draft

How long does a CIS tax refund take?

We usually complete the accounts within 48 hours of receiving all the relevant information and documents. Once the accounts are complete and you are happy for them to submitted to HMRC, it can take up to 4 weeks to receive the CIS refund

What are your fees?

Our prices are very competetive, we charge £99 for a single tax return submission. We can also deduct the fees from the refund so there is no upfront costs involved.

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