CIS refunds Archives

Lower Prices for CIS Clients – We’re on Your Side!

April 23, 2025/in 2024-25, CIS, Construction Industry Scheme, Contractor, Self-assessment, Self-employed, Sole traders/by Taxfile

By Julie at Taxfile.

At Taxfile, we understand that the cost of living is hitting everyone’s pockets. That’s why we have taken bold action to make things a little easier for our valued CIS (Construction Industry Scheme) clients earning less than £40k. We are dropping our prices like never before! Now, you can benefit from our expert services for just £220 +VAT (£264). That’s right – we have slashed our prices by £55 to make sure you keep more of your hard-earned money where it belongs: in your pocket.

Why Choose Taxfile?

With over 25 years of experience, we know a thing or two about providing reliable, friendly, and expert accountancy services. Unlike other accountants, we pride ourselves on being approachable and accessible. When you work with us, you’re not just another number – you are part of our Taxfile community.

The internet is full of agents promising you huge tax rebates, but the truth is, many of these so-called “experts” leave you at risk of being investigated by HMRC. Taking shortcuts with your taxes can be costly in the long run. At Taxfile, we do things the right way – no dodgy deals, just honest, professional advice you can trust.

Our invoices will have an additional £6 HMRC investigation cover fee, which means you are protected from additional costs if HMRC decides to investigate your tax return. At a total cost of £270, not only will we calculate and submit your tax return, but we will support you after its completion.

If you are a sub-contractor working in the CIS scheme, find out what you need to provide to begin your tax refund claim here.

We want to Give Back to Our Community

We value your trust in us. That is why we offer a £35 referral fee for every new CIS client you recommend. So, why not share the love and put some extra cash in your pocket?

We hope to be leading the way by giving access to affordable, professional accountancy services. Together we can build a stronger and more financially secure community, bucking the trend of rising costs.

Contact Taxfile

Our team of friendly, experienced agents are here to make your life easier. We know times are tough, and we’re doing everything we can to ensure our services remain affordable and accessible.

020 8761 8000 Book Appointment Contact Us

Taxfile: CIS tax returns and tax rebates for sub-contractors, accountancy and tax advice in South London.

Stay Ahead of HMRC Compliance Checks for CIS Contractors

April 23, 2025/in 2024-25, CIS, Construction Industry Scheme, HMRC, HMRC enquiry, HMRC investigation, Refund, Self-assessment, Self-employed, Sole traders/by Taxfile

By Ali at Taxfile.

As the new tax year approaches, CIS contractors must prepare for the upcoming 2024/25 tax return season. Last year we witnessed a significant increase in HMRC compliance checks delaying refunds, with many contractors being asked to provide detailed CIS pay/deduction slips and bank account transactions to verify their income.

At Taxfile, we are here to help you navigate these challenges and ensure your tax affairs are in order while offering you peace of mind with our unique HMRC investigation cover.

Why Are HMRC Compliance Checks on the Rise?

HMRC has ramped up its efforts to ensure compliance among CIS contractors, particularly focusing on verifying income and deductions. Last year, many contractors were caught off-guard when asked to provide:

CIS pay/deduction slips to confirm tax deductions at source.
Bank account transactions to prove income received from contractors.

Failure to provide these documents can lead to penalties, delays, and even full-scale investigations. With HMRC’s increased scrutiny, it’s more important than ever to ensure your records are accurate, complete, and readily available.

At Taxfile, we specialise in supporting CIS contractors with their tax returns and compliance needs.

How we stand out:

1. Expert Preparation of CIS Tax Returns

Our team ensures your 24/25 tax return is accurate, compliant, and submitted on time. We review your CIS pay/deduction slips, income, and expenses to minimise the risk of errors that could trigger an HMRC compliance check.

2. HMRC Investigation Cover is Included

Unlike other accountancy services, our invoices include HMRC investigation cover as standard. If HMRC decides to investigate your tax return, we’ll handle all the additional work required to represent you—at no extra cost. This means you’re protected from unexpected fees and stress.

3. Proactive Record-Keeping Support

We guide you on how to maintain proper records, including CIS slips, bank statements, and expense receipts, so you’re always prepared for an HMRC request.

4. Dedicated CIS Specialists

Our team understands the unique challenges faced by CIS contractors. We’re here to answer your questions, provide tailored advice, and ensure you’re fully compliant with HMRC regulations.

With HMRC’s increased focus on compliance, now is the time to act to ensure you get your refund sooner. We urge you to come prepared with your CIS deduction slips and your bank feed covering the period from 06/04/2024 – 05/04/2025.

Don’t let HMRC compliance checks catch you off-guard and delay your refund:

Contact Taxfile Today

020 8761 8000 Book Appointment Contact Us

Taxfile: accountancy and tax advice in Tulse Hill, South London.

New Taxfile Brochure – Download Here

February 19, 2022/in Accountancy, Accountants, Dulwich, South London, Tax accountants, Tax advice, Tax advisers, Tax agents, Tulse Hill/by Mark

The new Taxfile brochure is out and you can download it here. Even if you’re an existing client, it’s worth taking a look in case we can help you in ways you weren’t aware of. We can help anyone e.g. the self-employed, directors of limited companies, partners in partnerships, sole traders, retired people, landlords, taxi and cab drivers, construction workers and just about anyone.

The new brochure covers:

Self-assessment income tax returns;
Services for SMBs;
Accounts work for limited companies;
Bookkeeping and bank reconciliation;
Payroll & PAYE tax and National Insurance, company pensions and more;
VAT help, including for VAT schemes, registration and VAT returns;
Company pensions (auto-enrolment etc.);
Corporation Tax returns;
Confirmation Statements;
Making Tax Digital (MTD);
CIS calculations and tax rebates for construction workers;
Help with tax complications;
Dealing with HMRC on your behalf;
Joining or leaving various tax schemes;
Capital Gains Tax (CGT) calculations and handling;
Tax calculations relating to property income for landlords;
Disclosures of income not previously taxed (e.g. from abroad);
And much more.

Forward to a Friend – Free Consultation

Please feel free to forward the new Taxfile brochure to a friend who could benefit from our accountancy and tax-related services. We offer a free 20-minute consultation for new clients, without obligation.

020 8761 8000 Book Appointment Download Brochure

We are open 6 days a week during February including Saturday mornings (by appointment) and later opening (until 6pm) on Mondays and Tuesdays.

CIS Tax Rebates

March 15, 2019/in 2019/by Taxfile

The Construction Industry Scheme (CIS) is where a construction contractor deducts, at source, a portion of the money due to their subcontractor. Whatever amount is deducted is then passed directly to HMRC which is then counted towards the tax and National Insurance of a subcontractor. This effectively pays the tax element in advance.

How much is deducted will depend on whether or not a subcontractor is registered under the CIS system. Unregistered subcontractors usually get a 30% deduction, while the registered ones get a deduction at the standard rate of 20%. This is one of the reasons that, by the end of the financial year, the amount deducted at source often ends up being overpaid.

But a bigger reason is the fact that the deductions did not factor in the personal allowance that every taxpayer in the UK is entitled to. The personal allowance for the tax year 2018-2019 was £11,850. Because of this overpayment, many subcontractors in the construction industry are due a tax refund.

You can also claim extensively for any work related expenses such as; accountant fees, travel, telephone, tools, clothing, etc.

It is a complex process and to ensure you get the maximum tax rebate let Taxfile help you.

View our CIS Tax Refund Newsletter HERE

CIS tax refunds and returns - help now available across the UK

Help with CIS Tax Returns & Refunds Across the UK

February 5, 2018/in Accountancy, Accountants, CIS, Construction Industry Scheme, Contractor, Contractor Monthly Return, Subcontractor, Tax advice, Tax advisers, Tax agents/by Mark

As well as having 2 London based teams dealing with CIS returns and refunds, we’ve now introduced the same service for clients who are further afield in the UK. If you are a CIS contractor or sub-contractor we now have tax help available in the South of England and, of course, our existing services in London and the South East of England.

More specifically, we can help you if you are:

in Yorkshire in the North East (within a 50 mile radius of S72 post code area),
in the Carlisle region in the North of England,
Of course, that’s on top of the existing bases in Tulse Hill and Dulwich in South London,

So if you’re near any of these areas and need professional help with any aspect of accounting and tax, particularly for construction industry CIS tax returns and refunds, do get in touch.

In the first instance, call us on 0208 761 8000 to arrange an appointment with your nearest Taxfile representative, book an appointment online or use the contact form below to send us a message about your particular tax situation or accountancy needs. We’ll make paperwork and claiming any tax refund easy! Read more

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