WHAT EXPENSES CAN CIS WORKERS CLAIM?

WHAT EXPENSES CAN CIS WORKERS CLAIM?

May 28, 2019

If you’re a construction contractor and paid via the Construction Industry Scheme (CIS) you should be aware of the expenses you can claim back via your year-end tax return.

If you haven’t already done your year-end tax return, it’s not too late, please get in touch for help and support (01244 684700).

If you have submitted your return, check that you’ve included any of the allowable expenses listed below – if you’ve missed any, please get in touch with our team who will help you make any amendments, and remember to make a note so that you keep records and receipts for next year!

Tools, equipment and clothing

You can claim the tax back on the purchase, repair or replacement of tools used in your work. Plus you can claim tax relief for the cost of replacing, repairing and cleaning of specialist or protective clothing such as hard hats, protective boots and overalls. Uniform is covered if it is ‘a set of specialised clothing that’s recognisable as identifying someone as having a particular occupation’ so high visibility jackets and trousers, for example, are likely to be included.

Capital expenses

Capital expenses like laptops, phones and vehicles can be claimed providing they are purchased for business use. Similarly, you can claim the tax back for fuel, insurance and road tax as long as the vehicle is for business use only.

Travel and subsistence

You can claim back travel, mileage and subsistence (ie. meals and accommodation) while operating from a temporary workplace. The definition of temporary is 24 months or fewer. If you do not know how long your contract will last, it will be considered as permanent after a period of 24 months.

Administrative costs

You can claim tax relief on other expenses relating to your work such as phone and stationery costs as well as public liability insurance and membership of any unions or professional bodies.

It’s important to keep accurate records and copies of receipts for expense claims.

If you have any queries or need help with your self-assessment tax return, please get in touch on 01244 684700.

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