Tax Refunds – The Governments ignorance

Claim your tax back from the government before its too late.
Claim your tax back from the government before its too late.

The government, as you would expect, has an extensive database which holds information on how much tax you have paid and how much you have earned over the past 6 years.

The government can tell in an instant if you have overpaid or underpaid tax, as in effect it is a simple calculation, deducting your tax free allowance and then working out how much tax you should be paying.

Even though the government has such an extensive database of our income records, they fail to let us know when we have overpaid tax. They say that the onus is on us to claim a tax rebate which might be due.

article on the BBC web site highlights how the government are effectively stealing money which is rightfully ours, currently over £300m a year because people are overpaying taxes due to moving jobs, traveling or stopping work.

Is the government playing dumb intentionally, keeping the tax rebates that rightfully belong to its citizens? If you do not claim your tax refund after 6 years, you no longer have a claim to it!

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