Hayes Chartered Certified Accountants and Tax Consultants can help you with if you are working via construction industry scheme and need to submit tax returns and need refunds.
Over the years, Hayes Chartered Certified Accountants has assisted numerous self-employed individuals who have their taxes deducted through the Construction Industry Scheme (CIS) by preparing their tax returns. In most cases, we are able to claim a refund once the correct tax amount for the year is determined and the previously paid taxes are taken into account.
Our prices are straight forward and reasonable, our Cost for a Personals CIS Tax Return is a flat £39 including VAT.
95% of our CIS customers get a tax refund, and the average value of the refunds is £2000 per year.
If you are working via the Construction Industry Scheme (CIS), you’ll be required to file a Personals tax returns after your first year of trading and subsequent years. You’ll have to complete your tax return at the end of the tax year and pay taxes that are due by the following January.
Hayes Chartered Certified Accountants operates differently from others in that we do not deduct a percentage from your refund; instead, we work solely on a fixed fee structure. CIS tax returns are a truth of existence for maximum individuals inside the building trade. A mistake while submitting a CIS tax return on line can mean paying far too much tax on your pay. That’s why HCCA has a consultant crew of specialists to provide CIS return help to construction industry employees.
A key a part of operating with the Self-Assessment environment is understanding what fees you may claim for. Examples of allowable charges in construction include:
These are the vital charges of doing enterprise, and that they rely against the income you are being taxed on.
If you’re a self-employed subcontractor or a limited company and want to file a CIS refund claim, you should get the following:
The deadlines and last date for CIS tax returns is the same for all other tax returns – 31st January.
If you’re a contractor who pays other subcontractors, you’ll need to file your returns to HMRC by the 19th of every month following the last tax month.
The answer is Yes . All self-employed Individuals, such as CIS employees, have to submit a tax return every year. The tax year ends on 5th April and also you’ve were given until thirty first January the subsequent 12 months to send your tax return to HMRC.
Hayes Chartered Certified Accountants and Tax Consultants can help you get your CIS tax refund.
We offer a full range of services for contractors and subcontractors under the CIS regime at Hayes Chartered Certified Accountants and Tax Consultants. This is how we help you:
We check your records to see if you qualify for a CIS tax refund (for example, if you paid more tax under the CIS deductions than you actually owed) and to figure out how much you are likely to get back.
We help you get all the paperwork you need together and in order. This includes CIS payment and deduction statements, invoices, expense records, bank statements, and payroll data (if you have a limited company). We make sure that everything HM Revenue & Customs (HMRC) needs is included in your claim so that it goes as smoothly as possible.
We figure out how much tax you really owe by looking at your business expenses, personal allowance, and NICs if they apply. Then we compare that to the CIS deductions that were made. We figure out how much money you should get back and give you a clear breakdown.
We work as your agent, answering any questions or requests from HMRC, sending any documents they ask for, and keeping an eye on progress to keep delays to a minimum. We also give advice on how to avoid compliance problems and make sure your records meet HMRC standards.
Getting your CIS refund back can make a big difference in your cash flow. We tell you when to file your claim (for example, in the middle of the year or at the end of the year) and how to plan for your tax and NIC obligations so that you don’t have to pay more than you owe in the future.
We don’t just help you with your refund claim; we also help you with your bookkeeping, payroll, Self Assessment, and tax planning so that your CIS affairs are handled correctly each year. This lowers the risk of overpaying and makes future claims easier.
Are you really interested and want Documents needed To claim your Construction Industry scheme – CIS tax refund accounting services in London UK, Hayes Chartered Accountants are the right choice for you. We have specialised knowledge and experience as a cis tax return services .
Let’s talk to get started.
Who is eligible for a CIS tax refund?
If you are a subcontractor and had taxes taken out under the CIS (Construction Industry Scheme), you can claim if your actual tax liability (after expenses and allowances) is less than the amount that was taken out. Both sole traders and partners, as well as limited companies, may be able to apply.
For normal claims, HMRC usually takes between 6 and 12 weeks to process them after they are sent in.
Yes, it depends on your situation: if you’re a sole trader, you use Self Assessment and include CIS deductions; if you’re getting a refund in the same year, you can fill out form CIS 40; and if you’re a limited company, you have to go through PAYE by submitting an EPS.
Yes. Limited companies get back CIS deductions through their PAYE system, not through Corporation Tax. You need to keep your payroll submissions up to date and give HMRC the right information.
If your claim doesn’t match their records or if you’re claiming in the current tax year, HMRC may ask for proof. Keeping your records in order will help you avoid delays.
Yes, you can make an in-year claim using form CIS 40 (for self-employed) if your taxes are up to date and you have stopped working on construction or other specific conditions apply.
It can be hard to understand the rules about CIS deductions, what expenses are allowed, how to file (Self Assessment vs. PAYE), and how to follow HMRC rules. A specialist lowers the chance of making mistakes, makes sure you get all the benefits you’re entitled to, and helps you keep track of your taxes and cash flow.
Yes, Hayes Chartered Certified Accountants understands the importance of clear communication. We offer virtual consultations, allowing clients to discuss their accounting needs, ask questions, and receive personalized advice from our experts without the need for an in-person meeting.
You can book free consultation slot here “Get Free Consultation”
There are a lot of ways you can contact Hayes Chartered Certified Accountants (HCCA),
Call : 02086460800
WhatsApp : 07429584191
Email : info@hayes-accountants.co.uk
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Stop juggling your finances alone. Hayes Chartered Certified Accountants and Tax Consultants offers everything a business or individual needs under one roof — Bookkeeping, VAT returns, payroll, self-assessment tax returns, pension auto enrolment, year end accounts, corporation tax, capital gains tax, CIS tax returns, tax rebates, landlord taxation, management accounts, cash flow management, budgeting and forecasting, tax advisory, company formation, registered address, company secretarial services, and Making Tax Digital (MTD) compliance. One team. Every service. Zero hidden fees.
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