CIS Tax Refund

CIS Tax Refund Services

If you are working in the construction industry and registered under the Construction Industry Scheme (CIS), you may be entitled to a CIS tax refund. Many subcontractors often pay more tax than necessary, which makes it crucial to reclaim the overpaid amount from HMRC. At mysimplytax, we specialise in handling CIS tax refunds in Bromley, London, or elsewhere in the UK to ensure you receive what you’re owed promptly and efficiently.

Understanding CIS and Tax Deductions

Under the CIS, contractors are required to deduct money from a subcontractor's payments and send it directly to HMRC. These deductions are treated as advance payments towards your tax and National Insurance. While contractors must register for the scheme, subcontractors are not obligated to do so. However, those who don’t register will have their payments deducted at a higher rate, making it essential to get registered to minimise unnecessary deductions.

How to Claim a CIS Tax Refund

If you have been subject to CIS deductions and your income is below the taxable threshold, you are likely eligible for a CIS tax refund in Bromley or London. To claim your refund, you'll need to file a Self Assessment tax return, which should include all relevant CIS deductions and any allowable business expenses. Proper documentation is crucial, as HMRC may request evidence to verify that expenses claimed were solely for business purposes. Our CIS tax refund service ensures that every step is handled with accuracy, helping you avoid common pitfalls and potential penalties.

CIS Tax Refund in London and Bromley

For those based in London and Bromley, mysimplytax offers tailored services to meet your specific needs. We understand that navigating the CIS can be complex, especially with varying regulations across different regions. Our team of CIS tax experts is well-versed in local requirements, ensuring that your claim for a CIS tax refund in London or Bromley is optimised for maximum return.

Why Choose mysimplytax for Your CIS Tax Refund?

Expertise in CIS Refunds: Our accountants specialise in the construction industry, making us the ideal choice for handling your CIS tax refund. We understand the intricacies of the scheme and how to maximise your refund.
Quick and Efficient Service: We aim to secure your CIS tax refund in the shortest time possible, so you can focus on your work without the hassle of tax-related concerns.
Personalised Support: Whether you need assistance with your Self Assessment tax return or advice on managing CIS deductions, our team is here to support you every step of the way.

Get Started with Your CIS Tax Refund Today

Don't leave your hard-earned money in the hands of HMRC. Contact mysimplytax to start your CIS tax refund process. Our services are designed to be hassle-free and effective, ensuring that you get the most out of your claim. Whether you're looking for a CIS tax refund in London, Bromley, or elsewhere in the UK, our team is ready to help.