CIS return Archives | Taxfile

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

Taxfile — Wed, 23 Apr 2025 14:20:41 +0000

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. Read on to learn more ...

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Stay Ahead of HMRC Compliance Checks for CIS Contractors

Taxfile — Wed, 23 Apr 2025 13:20:13 +0000

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. Learn more ...

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Guide to the Employer Payment Summary (EPS) – for Limited Companies within the CIS

Taxfile — Wed, 13 Mar 2024 11:30:05 +0000

by Daniel at Taxfile.

Understanding the Employer Payment Summary (EPS) monthly claims for limited companies within the CIS

Limited company contractors operating within the Construction Industry Scheme (CIS) have distinct payroll obligations, including the submission of their Employer Payment Summary (EPS). In today's guide, we'll explain what the EPS is, its purpose, and the submission rules limited companies have to follow if they work within the Construction Industry Scheme.

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CIS Contractor’s Monthly Return (CIS300)

Taxfile — Thu, 29 Feb 2024 16:41:23 +0000

by Daniel at Taxfile.

The CIS Contractor's Monthly Return is a mandatory requirement for contractors operating within the Construction Industry Scheme (CIS). It acts as a mechanism for contractors to disclose to HM Revenue and Customs (HMRC) payments issued to subcontractors and the corresponding tax deductions withheld from those payments. By providing HMRC with information regarding payments rendered and the accompanying tax deductions, the CIS Contractor's Monthly Return guarantees transparency and adherence to regulations within the construction sector. In today's guide, we explain the various components of the monthly 'CIS300' return, how the process works, key deadlines, the ramifications of non-compliance, and much more.

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CIS Tax Rebates

Taxfile — Fri, 15 Mar 2019 12:38:04 +0000

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 […]

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Help with CIS Tax Returns & Refunds Across the UK

Mark — Mon, 05 Feb 2018 10:05:53 +0000

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 including 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!

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