CIS Tax Refund in London

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The CIS Tax Rebate is a refund of tax to subcontractors in the Construction Industry Scheme (CIS). Unlike other sole traders, CIS workers pay tax at source – just like PAYE employees. This tax is deducted and paid to HMRC by their contractors – normally every month. So at the end of the year the tax paid could be too much and subcontractors should use the tax return to claim a tax refund.Being a self employed you need to file Tax Return to report your earnings for the period and claim any tax which you have overpaid during the year. These are some of allowable expenses we can claim for you:

Protective Clothing
Telephone – Mobile or Home
Accountants’ fees
Motor Expenses
Small tools and consumables
Plant/Equipment – Purchase, Hire & Repair
Insurances, License, Repairs, Fuel
HP interest, Parking, AA/RAC membership
Other travel costs – train/taxi/bus fares
Accommodation – Hotel/ subsistence

Call us now for no obligation quote on 0800 6441 258, if you are looking for a low cost fixed fee, cheap accountants, accountancy services in london, mitcham, morden surrey, wimbledon, tooting, clapham and surronding areas.

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