Tag: Tax Returns

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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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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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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