Know How to Get CIS Tax Refunds Services in Essex

If you are in an organization that spends a lot in the construction materials, you are undoubtedly eligible for tax refunds and even tax return that falls under the Construction Industry Scheme set by the HM Revenue & Customs in Essex. The scheme is usually called as CIS in which rules for contractors as well as subcontractors in the construction industry and eligibility for CIStax refunds are set.

A few pointers to get CIS Tax Refunds Services:

Determining Eligibility: For the eligibility of CIS tax return, you first need to find out if the work done has been covered by the scheme or not. The following individuals would be included among the eligible ones:

a) Individuals who are self-employed

b) Organizations with partnerships and limited liability partnerships

c) Labour agencies

d) Organizations that spend over £1 million/year for construction over a period of 3 years

e) Property developers

Inclusion: Eligible work for a CIS tax return include

a) Permanent as well as temporary building or even structure

b) Installations

c) Services comprising general construction

d) Jobs that are not included in the construction work but are part of it, especially when it is done for constructing new property.

Exclusion: Things that are not included under the CIS scheme are

a) businesses with a budget of more than £1 million per year for any construction work

 b) doing construction work in one’s own property

 c) making investments in property

d) businesses that are meant for commercial purposes

So, these are some of the highlights of CIS tax refunds services. However, if you are in Essex, you do not need to think about finding the right CIS tax refunds services. All you need to do is to make your research stronger and get in touch with the right firm or organization offering the same services.