Services
Self-Employed
Self-Employed
If you are Self-Employed, you may be due a tax rebate.
Self-Employed tax returns are usually issued on 6th April and requested to be filed by 31st January. You can declare all your taxable income, allowances, deductible expenses and anything related to income tax.
You are Self-Employed if you:
running your business for its success or failure
choose your clients yourself
decide how, where and when you do your work
able to hire other people at your own costs
responsible for unfinished work in your own time
charge an agreed fixed fee for your work
sell goods or services to make a profit
You can claim your tax back for:
car, Van and Travel Expenses
office, Property and Equipment
clothing Expenses
staff Expenses
reselling Goods
legal and Financial Costs
marketing, entertainment and Subscriptions
other expenses related to your job
Construction Industry Scheme (CIS)
CIS covers permanent or temporary building, civil engineering work like roads or bridges. The Construction Industry Scheme is a tax scheme where contractors deduct money from a subcontractor's payments and pass it straight to HMRC. These deductions count as advance payments towards the subcontractor's tax and National Insurance.
For the purpose of CIS, construction work includes:
laying foundations and providing access works
demolition contrasts, which involves taking a building apart
decorating, refurbishment, repairs and extensions
installing systems e.g. Heating, lightning
labouring works
Contractors registered under the Construction Industry Scheme can claim for expenses related to:
travel
parking
tools
protective clothing
stationery
meals
public liability insurance
phone bills
postage
other expenses related to your job
Illustrative example on how CIS business expenses will be deducted from taxable profit:
Mark McSorley works for construction company as a joiner. Mark's turnover is £35,000, but he also spent £5,000 for tools and other expenses related to his job. So, Mark will pay tax only on the remaining £30,000 income this year which together with rebate from his personal tax allowance would let him claim up to £3370!
Income tax rates and allowances
Tax Free Allowance amount - you only start paying the basic rate of tax once your earnings go above your tax free allowance. These rates are applied after your tax free allowance has been deducted from your gross wage. Unregistered CIS subcontractors usually get a 30% deduction at basic rate. Under CIS, a contractor must deduct 20% from your payments and pass it to HM Revenue and Customs (HMRC)
| Band | Tax rate | 2017/18 | 2018/19 | 2019/20 |
| Personal Allowance | 0% | Up to £11,500 | Up to £11,850 | Up to £12,500 |
| Basic rate | 20% | £11,851 to £45,000 | £11,851 to £46,350 | £12,501 to £50,000 |
| Higher rate | 40% | £45,001 to £150,000 | £46,351 to £150,000 | £50,001 to £150,000 |
| Additional rate | 45% | over £150,000 | over £150,000 | over £150,000 |
Our fees
Self-Employed tax claim fees start from £180 charge. Tax return obtained through our service will be refunded directly to you via your preferred method of payment.