Helping you claim an average CIS tax rebate of £2,700

If you’re self-employed and work in the construction industry or on site as a plumber or heating engineer for example, you’d fall under the CIS. Construction workers who are subcontracted by contractors will have CIS deductions taken towards tax and national insurance, which are then passed through to HMRC.

These Tax deductions can then be calculated at the end of the Tax year in your Self Assessment, allowing you to claim a CIS Tax refund on any CIS deductions you’ve overpaid. It can sound daunting, but having the support of experienced Tax experts makes the experience a doddle.

The Construction Industry Scheme is designed for self-employed people working in construction. CIS work according to HMRC includes work undertaken to permanent or temporary building structures, or civil engineering work like roads and bridges for example. Construction work, as far as CIS is concerned at least, includes: Site preparation and the provision of access works or laying foundations, building work, alterations, repairs and decoration, the installation of heating, lighting, power, water and ventilation, subsequent cleaning of site following completion of construction work and any dismantling or demolition works required.

Yes, our sister company IN-SYNC Credit Services may be able to pay your CIS Tax refund into your bank account as soon as we have your expenses and income information – Perfect if you need a little bit of extra cash for a rainy day.

The refund you may get back depends on three things: Your CIS deductions, total earnings and business expenses. The average Tax refund for our customers is £2,700. In some cases you can receive several years of overpaid refunds — if you’re eligible, CIS Tax can even be claimed back for the previous four years. As a CIS worker, you’ll be required to make contributions for Tax and National Insurance each month. The amount of Tax you pay is typically 20%, but will be determined by HMRC when the contractor you work for verifies your UTR number. Your refunds calculation starts by looking at your total income for the year and deducting any allowable business expenses. When you know exactly how much profit you’ve earned for the Tax year, you can then work out how much of it you have already paid. Remember, you will take into account your Tax-free earnings and any National Insurance contributions too. Finally, once you know your income, profit, Tax and National Insurance contributions, you’ll take the difference between the Tax you've already paid and the actual figure you’re required to pay. This will show you whether you’re entitled to a refund, or subject to a liability.

No, if you pay PAYE Tax as an employee of a company, you won’t be eligible as you will already pay the correct Tax according to your Tax code.