CIS Tax Refund
Receive expert CIS tax refund services from our team of qualified accountants and tax advisors, all offered at competitive rates. We specialize in navigating the Construction Industry Scheme (CIS) to ensure you maximize your tax refund efficiently. Our experienced professionals meticulously review your tax records, identify eligible refunds, and handle all necessary paperwork to streamline the process. We provide personalized advice and support to address your specific needs, ensuring compliance with CIS regulations while optimizing your financial outcomes. Trust us to deliver comprehensive, cost-effective solutions that simplify your tax refund experience and enhance your financial wellbeing.
Our Services
CIS Tax Refund Guidance
We help you navigate the process of claiming CIS tax refunds and rebates, ensuring compliance with HMRC guidelines.
VAT Reverse Charge Assistance
We assist with understanding and managing the impact of VAT reverse charge on subcontractor cash flow.
Full Payment Submission (FPS) Management
We ensure timely and accurate submission of FPS to HMRC, essential for refund claims.
End-of-Year Tax
We manage year-end tax reconciliation, ensuring all CIS deductions are correctly accounted for.
Required Actions for CIS Refunds:
The Construction Industry Scheme (CIS) sets rules for subcontractors in construction, regulating contractor payments and ensuring HMRC compliance. Following these rules is crucial for accurate reporting and tax reclamation.
Recent Changes: The VAT reverse charge shifts VAT responsibilities, affecting subcontractor cash flow. While it reduces fraud for HMRC, it creates new cash flow challenges.
Our CIS Tax Refund Services streamline the process of obtaining refunds or rebates. We help construction firms navigate the complexities of client deductions and claim their refunds effectively.
Submitting Full Payment Submission (FPS): Ensure FPS is submitted by April 19 to report employee payments from March 6 to April 5.
Clearing Owed Taxes: Pay any outstanding taxes to HMRC as a contractor or employer to clear your obligations.
Closing the Tax Year: Reconcile CIS deductions and close the tax year properly to offset PAYE liabilities.