How to claim back your CIS tax?

CIS stands for Construction Industry Scheme, it’s a tax legislation put in place by HMRC to ensure all construction workers pay their tax. Read more

Some Your client or contractor has to deduct CIS tax from your pay each and every time they pay you. They then pay this tax deduction to HMRC who hold it on your account until your submit your tax return. Read more

Everyone in the UK gets a tax free allowance, this is the threshold before you have to pay any tax. However, as your client has already deducted your tax from earnings under the threshold you can claim it back. Read more

If you have earning over the minimum threshold (£12,570 for tax year 2023-24) then you can maximise your tax rebate by offsetting your income with business receipts. Read more

The main thing that you need is your CIS deduction certificates, payslips or your bank statements to prove income and tax deducted. Read more

You can claim back your CIS tax on the 6th April each year for the previous tax year. You then have until the 31st Jan (the tax return deadline) to submit your tax return. Read more

To claim back your tax you need to submit your self-assessment tax return. Read more

A CIS deduction certificate is the payslip that your client should give you each and every time you are paid. It will show the Gross, Nett and Tax deducted amounts that tax2u will need to reclaim your tax. Read more

It really couldn’t be simpler, log in or create your free account, upload your CIS deduction certificates / payslips and our accountants will do the rest. Read more

Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.Read more

If you are self employed or register for UTR number, you must need to submit self assessment every yearRead more

We offer tax return services at a lower price, we bet that no other service provider in UK can beat our charges: Read more

It depends up on the information your provided to us. Simple returns can be submitted with in 24 hours:Read more

The main thing that you need is your CIS deduction certificates, payslips or your bank statements to prove income and tax deducted.Read more

The process is as simple as you think. Simply just send us the information and we can do everything for you. To know moreRead more

Our client’s get an average of £2,800.00 and our biggest rebate is £7565. Everything depends up on the income you earn and CIS tax paid during the last year. Read more

This a tax on people’s This a tax on people’s income. The basic rate of income tax is 20%, paid on income over the income tax threshold of £12,570 (tax year 2023-2024 ). Read more

Another type of income tax is national insurance contributions, which are based on a similar principle of taking a certain percentage of income. Read more

If you are working in construction industry, your contractor/client must deduct this tax from your gross income and will pay you after this deduction. Read more

If you have capital gains or dividends, you need to pay tax on the income and to know more about tax rates click here

The standard rate of VAT in the UK is currently 20% and this is the rate charged on most purchases.However, there are other VAT rates. Read more