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What can I claim?
KEY POINTS
- Subcontractors may wish to submit early 2017-18 tax returns to obtain a refund.
- Main areas for claiming expenses include mileage materials safety equipment and subsistence.
- Expenses relating to use of home may also be allowed.
- Clients must keep accurate records to support expense claims.
As the end of one tax year departs and a new one starts many workers in the construction industry scheme (CIS) turn their minds to tax refunds. Due to the way subcontractors are taxed many of those with profits of less than about £30 000 a tax year are due a refund. This is because their tax and National Insurance liability will be less than the 20% that...
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
