There are 30 million taxpayers within the UK and, in step with the ultra-modern studies by using tax refund agency Refunds Direct, round 1 in 3 are owed a tax refund. Alarmingly, one of the maximum commonplace payment mistake regions is income tax, wherein the average refund is over £800.
Why don’t you already know about it? Many people believe the Government will refund overpaid tax. Sadly, this isn’t genuine and it is an character’s responsibility to claim their tax returned.
Income tax overpayment influences a lot of human beings. Thankfully, not like the tax device itself, locating out of you are due money back is pretty easy. Firstly, ask yourself if any of the following practice to you or to a person you already know: have you labored for part of a tax yr? Have you paid emergency tax for 3 months or greater? Have you had numerous jobs or worked for via groups? Have you had considerable gaps on your employment? Have you entered the United Kingdom to work or are leaving the UK? Are you a pupil who has a holiday task or placement?
If you may solution ‘sure’ to any of these questions, you can want to find out more – and now there’s an clean manner to do simply that. Most of us discover the tax machine a piece daunting (eight out of 10 human beings admit to no longer understanding it), but assistance is to hand. With ‘no win, no rate’ offerings that takes all the taxing exercise session of tax paintings, assistance is to be had.
Mike Oaten, from Refunds Direct, explains: "Up to ten million human beings in the UK are probably owed tax refunds. Many many millions of kilos in refunds is going unclaimed every yr. Unless people act now it all stays in the taxman’s pocket."
"Our goal is to make all of us inside the u . S . A . Aware that they may get tax refunds and help them get their money returned."
You may be eligible if you…
* Worked for part of a tax 12 months
* Paid emergency tax for three months or more
* Had numerous jobs for worked thru organizations
* Had giant gaps to your employment
* Entered or left the United Kingdom to work
* Are you a pupil who has labored excursion process or placement
You are not likely to be eligible in case you…
* Stopped paintings and then claimed Job Seekers Allowance? If so, any refund could have been repaid by the advantages workplace.
* Stopped work part manner through a tax yr because of maternity depart or retirement.