AAA CIS Rebates

Q1. WHAT IS A TAX REBATE
A1. A tax rebate is your entitlement to a refund of any overpaid tax during the financial year, as determined by the Inland Revenue.

Q2. WHEN IS THE FINANCIAL YEAR?
A2. The financial year, otherwise known as the tax year, runs from 6th April to 5th April in the following year.

Q3. WHEN CAN I CLAIM MY REFUND?
A3. At the end of the financial year (5TH APRIL).

Q4. HOW MUCH CAN I RECLAIM?
A4. This will depend on your earnings and relevant expenses. You will have paid tax at 18% and the very minimum is 22% due to the Inland Revenue. (In some situations if no expenses have been inccurred, no refund will be due, and a further amount may be payable)

Q5. HOW FAR BACK CAN I CLAIM AND ARE THERE ANY LODGMENT PENALTIES?
A5. You should claim year on year as people in CIS will usually recieve a tax return to complete. We can complete those forms for you.

Q6. WHAT IS EMERGENCY TAX?
A6. When you start work your employer will tax you on an emergency code and it is often a lengthy process to rectify this. Common emergency tax codes have a suffix or prefix of BR, X, WK1, MTH1.

Q7. WHAT IS A NATIONAL INSURANCE (NI) NUMBER?
A7. This is a reference number which the Department of Social Security (DSS) issues to you to record where you have worked and your earnings. It is advisable to apply for a National Insurance Number to simplify the tax reclaim procedure.

Q8. WHAT EMPLOYMENT RECORDS DO I NEED TO MAKE A CLAIM?
A8a. As you work in the construction industry you will need all CIS vouchers from your employer.
A8b. You will need a P45 for every employment held during the year; this is a three page blue form which contains your pay and tax details and is issued by the employer when you leave employment.
A8c. If you have worked to the end of the financial year you will also need a P60 which is a statement of income and tax for the tax year and is issued by the employer before the 6th July in the next tax year.
A8d. If you have derived any Benefits in Kind from your employment (eg private medical cover or a company car) you will need a P11D which is also issued by the employer before 6th July in the next tax year.
A8e. If you have derived any additional income such as bank or building society interest or dividends, you will need to provide full details.

Q9. HOW DO I PROCEED?
A9. In the first instance please click on apply, download the documentation, complete and return the forms as requested and enclose your original CIS vouchers and/or your employment records.
Please note you will need to retain copies of your CIS and /or employment records relating to your claim until at least 31 January two years after the financial year end for which you are claiming (ie 31/1/2006 for claims relating to the 2003/2004 financial year), as the Inland Revenue can otherwise impose penalties.

Q10. HOW LONG WILL IT TAKE TO RECEIVE MY REFUND?
A10. We aim to secure your rebate within 3 to 4 weeks of submission to the Inland Revenue. The Inland Revenue will forward your refund directly to our client account as indicated on the forms.