Tel: 0113 418 2058 Mob:07794734711

HELP & HINTS FOR CIS TAX RETURNS, CIS TAX REFUNDS & SELF ASSESSMENT TAX RETURNS

Useful Downloads & Resources for those seeking help on CIS Tax Refunds, CIS Tax Returns & Self Assesment Tax Returns

CIS Form 301 - CIS Subcontractor Registration Form
HMRC CIS 301 - CIS Individual Registration For Payment Under Deduction
cis301.pdf
Adobe Acrobat document [109.0 KB]

FREE HMRC WEBINAR FOR NEW CIS SCHEME BUSINESSES 17TH SEPTEMBER 2013 & OTHER DATES

DETAILED MILEAGE LOG 2016-17
An easy to use mileage log for the tax year 2016-17
DETAILED MILEAGE LOG 2016-17.xlsx
Microsoft Excel sheet [31.2 KB]

DETAILED MILEAGE LOG 2015-16
An easy to use mileage log for the tax year 2015-16
DETAILED MILEAGE LOG 2015-16.xlsx
Microsoft Excel sheet [31.2 KB]

Detailed Mileage Log 2014-15
An easy to use mileage log for the tax year 2014-15. Contact us for a 2013-14 spreadsheet version.
DETAILED MILEAGE LOG 2014-15.xls
Microsoft Excel sheet [31.2 KB]

Detailed Mileage Log 2013-14
An easy to use mileage log for the tax year 2013-14. Contact us for a 2012-13 version.
DETAILED MILEAGE LOG.pdf
Adobe Acrobat document [167.8 KB]

Tax Data 2016-17: Useful General Tax Facts & Tables
A brief summary of the more relevant tax facts that affect most people, we hope you find this useful. Don't forget to take advantage of our CIS Tax Refund & Return Service, our Self -Assessment Tax Return Service and our Accountancy & Bookkeeping Services
Tax Data Tables 2016-17 CISME.pdf
Adobe Acrobat document [355.0 KB]

Tax Data 2014-15: Useful General Tax Facts & Tables
A brief summary of the more relevant tax facts that affect most people, we hope you find this useful. Don't forget to take advantage of our CIS Tax Refund & Return Service, our Self -Assessment Tax Return Service and our Accountancy & Bookkeeping Services
Tax Data Tables 2014-15 v2.pdf
Adobe Acrobat document [211.8 KB]

Tax Data 2013-14: Useful General Tax Facts & Tables
A brief summary of the more relevant tax facts that affect most people, we hope you find this useful. Don't forget to take advantage of our CIS Tax Refund & Return Service.
Tax Data 2013-14.pdf
Adobe Acrobat document [1.4 MB]

SUBMIT YOUR CIS TAX RETURN OR STANDARD SELF ASSESSMENT TAX RETURN WITH CIS MADE EASY

E-mail us via our contact form on the right with your name & address stating whether you require a CIS or Standard Self Assessment pack & we will post you one out. CIS Tax returns £150 & Standard Self Assessment Returns from £115

Give us a call on 0113 418 2058

Text: Your name & address followed by CIS PACK or SATPACK to 07794734711 & we will send you a pack.

CIS SUBCONTRACTOR REGISTRATION

If you are not already registered as a CIS subcontractor you can do so by contacting the HMRC CIS helpline on 0845 366 7899, you will find them friendly and helpful. Opening times:-

8:00 am to 8:00 pm Monday to Friday

8:00 am to 4:00 pm Saturday

Closed Sundays, Christmas Day, Boxing Day and New Year's Day

If you work as a subcontractor before you receive your UTR number you will have tax deducted at 30%, once you are in receipt of your UTR number please ensure you give it to any contractor you work for and your tax will be deducted at 20%. Any tax you have paid at the higher rate will form part of your tax refund claim at the end of the tax year.

CLASS 2 NIC

If you are a CIS subcontractor or otherwise self employed you will be required to pay Class 2 National Insurance Contributions in 2018-19 of £2.95 per week if your earnings/profits are over £6,205 & 2019-20 £3.00 per week if your earnings/profits are over £6,365. Class 2 NIC is now calculated as part of your annual self assessment tax return and payable along with any tax & Class 4 NIC liability.

CLASS 4 NIC

In addition to Class 2 National Insurance Contributions as a self employed person you will also be liable to pay Class 4 National Insurance Contributions as follows:-

2012-13 9% of earnings/ profits between £7,605 and £42,475 and 2% after that.

2013-14 9% of earnings/ profits between £7,755 and £41,450 and 2% after that.

2014-15 9% of earnings/ profits between £7,885 and £41,865 and 2% after that.

2015-16 9% of earnings/ profits between £8,060 and £42,385 and 2% after that.

2016-17 9% of earnings/ profits between £8,060 and £43,000 and 2% after that.

2017-18 9% of earnings/ profits between £8,164 and £45,000 and 2% after that.

2018-19 9% of earnings/ profits between £8,424 and £46,350 and 2% after that.

Class 4 NIC are calculated as part of your self assessment tax return and will be deducted by HMRC from any tax refund that is due provided there is a sufficient refund, otherwise you will be liable to pay any tax and NIC's due.

AM I REQUIRED TO COMPLETE A SELF ASSESSMENT TAX RETURN?

All self employed persons are required by law to complete an annual self assessment tax return i.e. your CIS Tax Return. This is why firms like ourselves exist, so that filing your CIS Subcontractor Tax Return and Refund can be MADE EASY for you.

DEADLINES FOR FILING OF SELF ASSESSMENT TAX REFUNDS

The deadline for filing paper returns is the 31st October following the tax year ending 5th April and for on-line returns it is the 31st January following the end of the tax year. So for the tax year 2018-19 ending 5th April 2019 paper returns must be filed by 31st October 2019 and on-line by 31st January 2020. Any tax due must be paid by the relevant 31st January.

MOVING ABROAD

If you move abroad it is essential you notify HMRC of the date you left or are leaving the UK. This can be done as part of your self assessment tax return. You will recieve a full year's personal tax allowance in the tax year that you leave the UK and in the year you return if you come back to the UK. If you stop submitting returns but don't tell HMRC that you no longer need to complete a return you will continue to be charged substantial penalties with interest for each year you fail to submit a return.

PENALTIES FOR LATE FILING

Penalties will be imposed if your self assessment tax return is not filed in accordance with the deadlines.

For the tax year 2015-16 (on-line deadline 31st January 2017) the penalties are as follows:-

1 day late - £100 fixed penalty even if there is no tax to pay or if it has been paid on time.

3 months late - £10 for each following day up to £900 plus the £100 fixed penalty above.

6 months late - £300 or 5% of the tax due whichever is the higher plus the above.

12 months late - £300 or 5% of the tax due whichever is the higher plus the above.

In serious cases it may be 100% of the tax due instead as well as the above.

GETTING YOUR CIS TAX REFUND

In order to be able to claim a Subcontractor tax refund you will need to complete a self assessment tax return at each tax year end and of course at CIS MADE EASY we can do that for you.

Good record keeping will ensure that you get the maximum available refund, so it's important that you keep all your income and tax statements from contractors as well as any receipts for business expenses incurred.

WHAT IF I HAVE MISSING CIS STATEMENTS!

Contact your Contractor for any missing statements or a letter confirming Total earnings and Total Tax deducted for the year ended 5 April 2016 or previous years. We can accept an e-mail so long as it bears the company logo and full address or payslips, so long as all your earnings are covered.
If you don't get any joy from contractors, contact your Local Tax Office and request a Summary of your CIS payments. Please explain that you have exhausted all other options and that you are not getting any co-operation from your contractors despite several attempts and you have nowhere else to go. In these circumstances they are obliged to provide you with a full print out of your CIS earnings & deductions.
If even this fails then you need to send us the relevant bank statements and we will work out your earnings from your net payments, however HMRC may challenge the figures and this may cause a delay or reduction in your CIS Tax Refund.

WHAT EXPENSES CAN I CLAIM FOR?

Expenses that are incurred wholly and exclusively for the purpose of the business, e.g.

Materials and Loose Tools

Personal Protective Equipment

The Costs of Subcontractors that you have engaged

Use of your home as an office

Secretarial costs

Accountants/ Professional Fees

Travel and subsistence

Motor Expenses- either as mileage claims or percentage of costs

Telephone - Mobile and Home (Business use)

Internet costs

Stationery, printing and postage

Business Insurance

Subscriptions & memberships

Advertising and promotion

Training costs

Bank interest and charges

Capital allowances for business assets

Our straight forward pack contains easy to complete sections for your expenses and we will also include a mileage log sheet to complete if you are claiming mileage, all you have to do is contact us. Mileage logs downloads for 2018/19 & 2019/20 are available at the top of this page.

INSURANCE

You are not required by law to have Public Liability Insurance but it is advisable. Employers Liability Insurance is a legal requirement if you have employees. You can easily get a quote on-line but if you would prefer to talk to somebody we can arrange this for you.

UMBRELLA VS CIS

If you are engaged through an agency you may be offered the opportunity to work under an Umbrella Scheme (this a PAYE scheme under which temporary workers can claim an offset for expenses such as mileage, meal allowance, PPE etc.). If you ask for a comparison of take home pay, please ensure that they take into account the fact that you can also claim many of these expenses, often the comparison is only made against CIS gross less 20% tax. You may possibly lose out.

USEFUL LINKS

Why not visit our Newsletters & Updates page where you will find our Planning, Tenders and Contracts Spotlight Newsletter and some useful Business Related Links.

We are always striving to improve our service and website, we would be grateful if you would please post any comments or ideas below.