It’s common for construction workers to have been employed under PAYE scheme and earn a self employed income under the construction industry scheme, in the same tax year. Many of the expenses allowable under self employment can be claimed against PAYE work as well.
We have been supporting CIS and PAYE workers in the construction industry for a long time and are here to help you to learn more about the tax rebates you might be eligible for when you work in the construction sector.
As a builder or a person who works in construction, you may be able to claim tax back on:
As a subcontractor, you will need to have a record of everything that has already been claimed back against your monthly or quarterly PAYE bill. The contractors should provide you with a monthly statement for all deductions and payments made to you, which you can use to claim back tax.
It might surprise you to learn what EMPLOYED construction workers can claim for. This includes:
To be able to claim uniform tax refund, ALL of the following criteria must apply:
A self assessment tax return has to be completed by all CIS sub contractors and some PAYE workers in order to claim a refund. If you work under PAYE only and you have a claim worth £2500 or more in any one tax year a tax return will need to be submitted.
Collect together as much information as possible concerning your employment (self of otherwise) and all expenses incurred. Bear in mind you can claim expenses for up to four Tax years, even if you have since been made redundant, or changed jobs. This will not affect your current employment in any way or form.
Typical information needed to process your Tax refund would include:
The most important thing to remember is that the more information we have, the more chance of a bigger Tax repayment. No matter how little or irrelevant you think it might be, we could possibly make a claim for the expense.