Site icon Citi Accounts

CIS tax refund

CIS tax refund

CIS tax refund

What is a CIS tax refund?

A CIS tax rebate (also called a refund) is money that can be claimed from the HMRC where you have paid more tax than you actually owe!

At Citi Accounts, we are dedicated to winning back your hard earned money quickly and effectively.

On average, our clients get an average refund of £2,000 each year.

Most self-employed or subcontracting workers in the construction industry are owed a tax refund every year due to the Construction Industry Scheme (CIS).

Some of the reasons than can lead to tax overpayments for nearly all CIS sub-contractors are:

CIS Tax refund

Under this scheme, sub-contractors pay 20% of their pay as tax at source. However, there are a number of expenses which are allowable for reclaim, some of which are:

How to claim CIS tax refund?

Claiming is easy and straight forward:

How far back can I claim?

You have four years from the end of the tax year of overpayment to claim your refund. We can help to compile all your return quickly and effectively to maximise your refund.