How to Calculate CIS Tax Return?

How to Calculate CIS Tax Return?

Under the construction industry system (CIS), contractors deduct money from subcontractor payments and remit it to HMRC. The deductions are regarded as advance payments toward the subcontractor’s tax and social security contributions. Contractors must register with the system, although subcontractors are not obligated to do so. Even if they don’t register, their payments are deducted […]

What are the benefits of the Construction Industry Scheme (CIS)?

Here are the Benefits Of The CIS

What are the benefits of the Construction Industry Scheme? In this article, we take a look at CIS and how this can benefit individuals who work in the industry.  What is the Construction Industry Scheme? HM Revenue & Customs (HMRC) created the Construction Industry Scheme (CIS) for contractors and subcontractors in order to minimise tax […]

Construction industry scheme tax guide – CIS Tax 2020-21

Construction Industry Scheme

This article aims to simplify construction industry scheme tax refunds. If you work in the construction industry and are signed up to the CIS (Construction industry scheme), you may be due a tax refund.  Whether operating under PAYE for an employer or if you’re self-employed and signed up to the Construction Industry Scheme (CIS), you […]

Are You Getting The Most You Can from Your CIS Refunds?

CIS Tax Help

So, how do you get the most from your CIS tax return? HM Revenue and Customs define the Construction Industry Scheme as “a set of special rules for handling payments made by contractors to subcontractors for construction work.” Subcontractors in the construction industry are often taxed at a very high rate — 20 to 30 […]

Construction Industry Scheme: How to claim a CIS tax refund

How to Claim a CIS Tax Refund

Do you work in the construction industry? In this article we find out how to claim a CIS tax refund. Did you know, that 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 […]

Taxes for Construction Industry Workers in the UK

CIS Tax Refund

If you are working in the construction industry in the UK, you will need to be aware of the Construction Industry Scheme – also known as CIS. CIS was developed to minimize tax evasion within the construction industry and applies to all contactors and subconstractors who work in main stream construction within the UK. Therefore, […]

CIS Tax Refund – UK CIS Rebates Advice – Application

UK CIS Rebates Advice

If you’re looking for UK CIS Tax Rebates advice, this article covers your need-to-know facts. We’ll take a look at the CIS Tax return process and explain how to file your CIS Tax self-assessment and what you can claim. Claim a CIS Tax Refund online Are you a construction worker using the Construction Industry Scheme […]

Construction Industry Scheme (CIS) Breakdown – CIS Tax Refunds

CIS Tax Refunds

Whether operating as a sole trader, partnerships or companies, a business within the mainstream construction sector must comply with the Construction Industry Scheme – also known as CIS. Apply for a CIS Tax Refund What is CIS? It is a tax deduction scheme where tax is taken from the source of the payment, rather than […]

The Best Trades Recruitment Companies In The UK – CIS Tax Refunds

The Best Trades Recruitment Companies In The UK

Are you in the trades industry? If you want to work in the UK, there are plenty of building and construction trades and labour recruitment companies that you can refer to for job options. Do you need to claim a CIS Tax Refund? If you work in construction you may be owed a tax refund […]

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