Builders Ripped Off By Taxman

Builders 'Ripped Off' By Taxman

Builders can get a rough ride sometimes being portrayed as modern day cowboys and rip-off merchants. The truth is that they may be 'ripped off' by the taxman. A significant number can get tax refunds but are missing out. It is not small change either. The average refund is over £1000.

Why don't they know about it? Many people believe the Government will refund overpaid tax. Sadly, this is not true and it is an individual's responsibility to claim their tax back.

The refund applies to the self-employed. Anyone working on the 'CIS' (Construction Industry Scheme) is classed as self-employed, but unlike every other self employed person in the country their income is taxed at source when paid to them by contractors. It is then their responsibility to submit a tax return to claim back any overpayment and to include the cost of expenses such as running a van, mobile phones, etc. And guess what, the taxman has made it so complicated that hundreds of thousands of sub-contractors don't do it.

How much is it worth? According to Refunds Direct, a tax refund company, the average refund is £1000 but can run into the thousands, especially where a claim can cover each of the last six years – the limit for back-dating claims.

Incredibly, claiming this refund is an easy process – there's no need to be daunted by the tax system. Refunds Direct has developed a 'no win, no fee' service that takes all of the taxing work out of tax work. All that is needed is a 5 minute chat on the 'phone after which a 'claims pack' is sent out. We make it easy, as everything is done by 'phone, email or letter and no salesman will call at your home.

Derek Andrews, a local tax refund agent, explains: "There are 100,000's of hard working, honest people affected by this. The Revenue has no responsibility to hand the money back and unless people act now millions and millions of pounds are going to stay in the taxman's pocket."

"I am pleased to say that our service is proving to be a great help. We are sending out cheques every day to people who would otherwise miss out."

Refunds Direct only offers its service on a no win, no fee basis. The company has acted for hundreds of plumbers, electricians, dry-liners, scaffolders and many others in the allied trades.

Are you eligible?

* Have you have any 'CIS' income in the last 6 years ?

* Are there any years in which you have not submitted a tax return?

* You do not need CIS vouchers to make a claim as Refunds Direct can source this information for you.


About Refunds Direct

Refunds Direct is the one of the UK's most active tax refund companies, offering all its refund services on a no win, no fee basis. The company has refunded millions of pounds to UK taxpayers since it was founded in 2004.


For more information email helpdesk@taxrebatenow.co.uk or call FREE on 0800 298 9358