| The aim of this website is to inform you of how | | | | back. |
| to claim your tax back. In today's financial climate, | | | | There are a number of reasons that you may |
| most of us are finding it hard to meet all of our | | | | have paid too much tax: |
| financial demands. We've got mortgage payments | | | | -If you started a new job and therefore had an |
| to make or rent to pay, bills that need to be paid | | | | emergency or temporary tax code |
| on time, food to buy, clothes we need to replace, | | | | -If your employer was using an incorrect tax |
| petrol to put in the car, to name but a few | | | | code for you personally |
| financial commitments we may all have. | | | | -If you were only employed for part of the year |
| We could all do with some extra money right now | | | | -If your circumstances changed, for example, if |
| but most of us work hard every day and when | | | | you were made redundant, you became self |
| we get home, we just want to relax and perhaps | | | | employed, or you retired |
| watch some TV, or something similar to help us | | | | -If you ceased to work and then didn't get any |
| unwind. We certainly don't want to sit at home | | | | taxable earnings or benefits for the remainder of |
| worrying about money all night and we don't want | | | | the year |
| to have to get a second job. | | | | -If you had multiple jobs at the same time |
| The question is, where do we find that extra | | | | -If you had other income reduced, for example, |
| money and if it's really out there, why isn't | | | | where an attempt was made to collect tax due |
| everyone finding it? | | | | on savings or rental income, via your PAYE code |
| Well, the chances are, if you work or have | | | | but the amount that was included in the code was |
| worked, you may be entitled to a tax refund, or | | | | too high |
| rebate. It's a little known statistic that 1 in 3 | | | | -If you took a pension by way of a lump sum |
| people are entitled to a tax refund and yet most | | | | instead of a small monthly amount, the rate of |
| people don't even know it. | | | | tax you pay on the lump sum could be higher |
| Imagine that...claiming tax back could apply to you | | | | than the basic rate of tax you pay over the year |
| and you may not even be aware of it. | | | | and therefore, could cause an over payment |
| Let's be fair, it's not HM Revenue & Customs' job | | | | -If you're a student and only worked during |
| to tell you if you're due some form of tax rebate. | | | | holiday times and you didn't submit the P38S |
| So, as you read this, there are currently millions | | | | form |
| of pounds worth of unclaimed refunds just sat | | | | So, how to claim your tax back? |
| there waiting to be claimed. You could well be | | | | As mentioned, it's not the job of HMRC to inform |
| entitled to claim your tax back. | | | | you if you're entitled to claim your tax back. It's |
| There are many reasons for having paid too | | | | down to you to find out and the process can be |
| much tax in the first place. It may be that you | | | | quite time consuming and sometimes, difficult to |
| only worked for part of the year, or you may | | | | understand. |
| have started a new job and been on a | | | | Fortunately, help is at hand and there are now a |
| temporary or emergency tax code, or | | | | number of companies out there that will offer |
| unfortunately, you may have been made | | | | you assistance for a small fee. It used to be the |
| redundant. Whatever your particular | | | | case, that some people weren't comfortable |
| circumstances are, if you're entitled to a tax | | | | paying someone else to do their work for them. |
| refund, why not claim it back? | | | | There used to be the, I know best mentality. |
| If you want some help, please continue reading | | | | However, think of it this way...would you |
| the information below. | | | | represent yourself in court if you needed to? Not |
| HM Revenue & Customs, or HMRC, gives | | | | likely. You'd want the best representation you |
| everyone a tax code that shows your employer | | | | could find. |
| how much tax should be deducted from your | | | | Nowadays, it's perfectly normal for people to |
| wages, prior to you getting paid. You can find | | | | seek assistance from professional claims |
| your tax code on your P45, P2 or on your wages | | | | companies. Perhaps better to have the majority |
| pay slip. | | | | percentage of something, than all of nothing. |
| PAYE means Pay As You Earn and this is the | | | | So, if you think you're entitled to claim a tax |
| system used by your employers to deduct the | | | | refund, how to claim tax back may be able to |
| tax from your wages. If you think you've paid | | | | assist you in understanding that process. |
| too much tax through PAYE and you're entitled to | | | | L. |
| a refund, or rebate, there is a way to claim it | | | | |