Almost six million claimed back in tax by construction workers
UK construction workers have claimed back almost £6 million in overpaid tax this year, according to figures from tax recovery specialist Brian Alfred.
The leading tax recovery firm for workers using the Construction Industry Scheme (CIS) or Pay As You Earn (PAYE) schemes, has reclaimed rebates of more than £5.7 million in the last 12 months.
Derek Kelly, CEO of Brian Alfred said: “It’s been another big year for rebates, with almost six million reclaimed for our clients, and to be honest that’s the tip of the iceberg. Around a third of workers on PAYE and CIS schemes are overpaying tax, but often don’t reclaim money which is rightfully theirs.”
Since Brian Alfred started they’ve recovered more than £36 million in overpaid tax and Derek added: “Workers often forget to claim back expenses such as travel, uniforms and equipment they’ve had to purchase or even food bought during their working day. There’s a huge range of work expenses where you can claim back the VAT and end up with a nice windfall.
“On average, workers who come to us recover around £1,500 in tax rebates. This year though we saw some rebates as big as £10,000!”
Brian Alfred has broken down the average rebate claim by region over the last 12 months. Workers in Northern Ireland came out on top, receiving an average of £1,979 from the HMRC as a result of overpaid tax. However it was a worker in Gloucester who received the biggest windfall of £10,200 from the HMRC.
The breakdown on tax rebates by region is as follows:
Northern Ireland £1,979.16
South West £1,727.93
Greater London £1,712.99
Wales £1,706.50
North West £1,683.09
South East £1,681.96
Scotland £1,678.07
East Midlands £1,635.61
North East £1,635.27
West Midlands £1,631.61
Workers who are either part of the Construction Industry Scheme (CIS) or Pay As You Earn (PAYE) are all eligible to apply and rebates can be claimed for the last four tax years.
Derek added: “You can claim refunds for a range of things, but regulations are complicated, and it can take an expert to get the correct amount of rebate from the HMRC.”
Brian Alfred is one of the UK’s leading CIS and PAYE tax rebate specialists and has helped thousands of people get their tax rebates, some in as little as 24 hours.
To find out if you could qualify for a tax rebate visit their free online tax rebate calculator www.brianalfred.co.uk/calculator