Construction Industry Scheme (CIS)
If you are a limited company subcontractor and haven’t been able to off-set your company’s Constructions Industry Scheme (CIS) deductions against other PAYE liabilities during the year, you may need to claim a repayment after the end of the tax year.
HMRC have recently introduced a new online repayment form, which will make the CIS repayment claim process much more efficient. Rather than writing in to claim a repayment, a limited company subcontractor can log into the Government Gateway and submit their claim using the online form, which will be the most direct route to the right team in HMRC.
Any claims for repayment to be issued to an agent or nominee will still need to be submitted in writing with a form R38 and you will need to allow 40 working days for a reply to your claim.
You can find out more about what you need to do as a Construction Industry Scheme (CIS) subcontractor, by clicking here.