CIS Tax Rebates

If you are self employed and paid through the Construction Industry Scheme (CIS), you are most likely due a tax rebate. 

Providing you have the correct records and CIS deducted matches what HMRC hold your tax rebate could arrive as quick as two weeks. On average they take 2-5 weeks, but we aim to get you your rebate as quickly as possible. 

CIS tax deductions are payments your employer takes out of your pay before you receive them. Those payments go straight to HMRC instead of you. They count as advance payments toward your tax and National Insurance, clamping down on tax evasion in the industry. Unfortunately, one of the side effects of CIS is that a lot of honest people end up being charged too much tax.

You will need your CIS statements so that we can process your self assessment tax return and so we can see how much tax you have been deducted. You should also keep them as a record of your income and in case HMRC query the amount of CIS tax you have been deducted. 

The standard Construction Industry Scheme tax deduction is 20%. If you haven’t registered under CIS, the rate goes up to 30%! This can also happen if you don’t give your employer your UTR.