Tag: HMRC

Find A Lost National Insurance Number

If you live in the UK, you should automatically get a National Insurance (NI) number just before your 16th birthday. HM Revenue & Customs no longer issues plastic NI cards. If you have lost or forgotten your NI number, you can find it on your payslip, P60, or any letters sent to you by HMRC…

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Time is running out to claim your 2014 refund

If you’ve not yet claimed your 2013/14 tax refund, time is running out! You only have until 6th April 2018 to claim your refund or it will be lost forever. Thousands miss out on tax refunds each year Most self-employed or subcontracting workers in the construction industry are owed a tax refund every year due…

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What is CIS tax?

At this time of year, you may overhear other workers on a construction site talking about doing their tax return. This is because they are taxed under a scheme called CIS. But what is CIS tax? And should you be paying it? CIS = Construction Industry Scheme The Construction Industry Scheme (CIS) is a tax…

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TaxRefundsRUs launches its new CIS tax calculator

TaxRefundsRUs is delighted to announce the launch of its CIS tax calculator. The easy to use calculator helps users to work out how much tax they could be owed by HMRC. You just need to click on the orange “Calculate Your Refund” box, adjust the sliders and select your tax rate. Turnover The first slider…

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TaxRefundsRUs launches cash advance scheme

TaxRefundsRUs is delighted to announce the launch of its cash advance scheme that allows its clients to claim their tax returns before the end of the tax year. The scheme relies on clients to provide their business income and expenses records from the current financial year. TaxRefundsRUs can then calculate their tax refund to date…

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Need cash for Christmas? Avoid payday loans!

Christmas is an expensive time. We all want to treat ourselves and our families for our hard work as the year comes to an end. If you are hosting family or friends at Christmas, food and drink can also add significantly to your festive bill. We all experience a greater expense at this time of…

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How far back can you claim tax refunds?

It’s a great feeling when you get a letter telling you that you’re due a tax rebate. Even though it’s your money that you should have had in the first place, it’s often an unexpected surprise. What a lot of people in the construction industry don’t realise is that they are almost certainly due a…

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When is the self-assessment deadline?

All tradesmen who subcontract on a construction site of any kind will most likely be registered on the Construction Industry Scheme (CIS). This scheme allows the government to take tax from your monthly wages from your main contractor. Unlike most self-employed people you will be paying tax as you go but you will still be…

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