Limited companies can now reclaim excess Construction Industry Scheme deductions

Subcontractors operating as limited companies may be eligible to recover Construction Industry Scheme deductions that exceed their actual tax liabilities. The refund process allows businesses to reclaim overpaid amounts deducted under the CIS framework. This applies to subcontractors who have had more withheld from payments than required to cover their tax obligations.

Source: HMRC (GOV.UK) – Read the original