As a CIS subcontractor you are used to submitting a self assessment tax return, but are you claiming your CIS tax rebate?
You can use our free CIS Tax Rebate Calculator to work out what you could be owed.
How does the free CIS tax rebate calculator help me?
Our CIS Tax Rebate Calculator helps you by generating a personalised estimate of how much you could be owed. You enter your income from self employment, your work expenses and the CIS tax you have already paid. Taking Class 4 NICs into account, the calculator gives you a realistic figure of how much your CIS tax rebate could be worth. The only thing it doesn’t account for is any other income streams.
How do I make a CIS Tax Rebate Claim?
If you are a seasoned CIS subcontractor, then you are all too familiar with the self assessment process and requirements. You need the same sort of evidence for your CIS Tax Rebate Claims and it is included on your CIS tax return.
For CIS newbies, this includes:
- P45/P60 from any additional PAYE work
- ESA or Jobseekers allowance payment record (if you have any)
- Self-employment records, like contractors’ CIS statements
- Evidence for your work expenses (receipts for tools, mileage log etc)
Claiming your CIS tax rebate adds an extra layer of complexity to your tax affairs and many subcontractors prefer to get us to sort it out for them. We only submit bespoke CIS tax returns which ensure that you are completely meeting your tax liability and maximising any rebate you are owed. You will be completely tax efficient, with minimal input from your end.
Our average CIS tax rebate claim is £1500 for our previous clients, so it’s definitely worth a free enquiry. Check out the free calculator, then give us a call.
HMRC’s deadline on making claims is four tax years, so don’t hang about in case you miss out on reclaiming some of your tax overspend.
