|
| Have
you applied for a tax rebate this year? |
Applying for an income tax rebate from
the Inland Revenue can be bureaucratic and a time consuming process.
This article will help you with some options for claiming your tax
refund:
- Who
can apply for a tax rebate?
- How do I calculate
my tax refund?
- Applying
for a tax rebate online
- When
should I apply for my tax rebate?
Who can apply
for a tax rebate?
There are a number of reasons why you might be able to apply for
an income tax rebate.
The most common reasons for overpaying
tax and hence being due a tax rebate is:
- Leaving
the country
- Earning below the tax free allowance
- Working while a student
- Being on a BR
Tax code
How do I calculate
my tax refund?
In order to calculate your tax refund, you need to know how much
you have earned and how much you have paid in tax during the tax
year.
You can get this information on your
P60, which will be given to your by your employer at the end of
the tax year in April or May.
If you are not given a P60, you can
ask your employer for a statement of earnings, which they are required
by law to give to you.
Applying for a tax rebate online
Applying for a tax rebates online is the quickest and easiest
way to claim your
tax rebate.
All you need to do is complete the
tax rebate forms and
send us your P60/P45 and we will do the rest, sending your rebate
to your bank account.
Alternatively you can apply for your
tax rebate yourself. If you are applying yourself, you will need:
- Any P45/P60's
- A P91 - Employment History form
- P85/P86 - Leaving/Entering the UK
forms
- Covering Letter
When should I
apply for my tax rebate?
If you do not claim your tax rebate it could expire. You can apply
for any previous years now, but you will need to wait until the
end of this tax year to claim for the current year unless you are
leaving the UK.
If you have any further questions,
please do not hesitate to contact a member of our
tax rebate team.
Disclaimer:
The above information can not be taken as advice and is for illustration
purposes only. Please call Tax Fix before making any claims or confirmation.
Tax Fix can not accept any liability for action taken and any losses
incurred.
|
