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CIS Refunds

If you are a sub-contractor within the construction industry, it is likely you are registered under the Construction Industry Scheme (CIS). As part of this scheme, HMRC deducts 20% of sub-contractor’s wages at source, which often mean workers end up paying more than they should. All CIS subcontractors are required to submit a tax return each year; however, many individuals find that their tax bill is already paid through the at source deductions. In some cases, there may be a tax payment due, although in many situations the contractors themselves are actually due a rebate.

If you are a self-employed worker within the construction industry, you are able to claim for expenses you incur as part of your trade, such as tools, vehicles, clothing and admin. These expenses are exempt from tax and can be taken away from your gross earnings to provide you with a taxable net profit figure. In addition, everyone in the UK has a personal tax-free allowance, which means tax only needs to be paid once you exceed this allowance. The CIS deductions which are taken from your pay at source do not take these factors into account, so many sub-contractors find that they are owed a refund.

To find out whether you are due a refund, simply send us your CIS statements, your expenses and your HMRC unique tax reference number. We will contact HMRC on your behalf, so you will quickly receive any refund due.

In addition to assisting subcontractors within their CIS refunds, we can also offer useful services to contractors themselves. Under the CIS scheme, all contractors much provide HMRC with the details of subcontractors to determine CIS payments. The contractor must then make monthly returns and declare that the payments do not relate to a contract of employment.

Our team of accountants have been assisting contractors within the construction industry for many years, so we are ideally positioned to take care of these requirements. We understand the rules and will ensure there are no tax underpayments or missed deadlines.

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Affordable Pay-monthly Packages

We offer a full range of services to limited companies, solo trader, partnership, charity, LLP, CIC as well as individuals. We have arranged our services into easy to choose packages that suit your needs.

Start-up
£ 50  / Month (+VAT)

This price plan is suitable for the start-up companies who are not VAT registered.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Payroll & RTI submission for 1 employee
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Assisting with correspondence from HMRC and Companies House
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 80K
Limited Company
£ 100  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 2 employees
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • MTD VAT returns submissions – quarterly
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 100K
Company Pro
£ 150  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.

  • Company formation (if required)
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 5 employees (Free)
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Unlimited face to face advice and email support
  • 2 Directors
  • 2 Shareholders
  • Annual turnover should be less than 200K
Company Premium
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This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.

  • Company formation
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission all employees
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for the all Directors (Free)*
  • Unlimited face to face advice and email support
  • Flexible and can be discussed
  • Annual turnover should be more than 200K

Add on Services

  1. Personal Tax Returns

    This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.

    If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.

  2. Tax Investigation
  3. Business Legal Support
  4. Company Formation
  5. Business Mentoring
  6. ARA accounting services for ATOL & ABTA travel companies

    Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate. 

Taxcare Accountancy was formed to provide Small & Medium Businesses with an affordable, proactive and professional accountancy services…