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| Do
you really want to know how to claim a tax rebate? |
Often people ask "How
can I claim tax back" or "Can I get a tax refund" and
whenever we manage to secure the refund our clients are always very
happy, as you would expect.
Recently we have begun
to see things through a different perspective. We should not be
happy to receive a tax refund and if we ever owe money to the Inland
Revenue we should be happy. The reason behind this thinking is that
if we are due a tax refund it means that we have unnecessarily paid
tax throughout the year and have effectively given the government
an interest free loan for 12 months.
Imagine if you are given
a tax refund of two thousand pounds. If this two thousands pounds
was put into an instant access savings account for year at 5% it
would have returned a gross amount of 100 pounds. Therefore the
cost to us of having the tax refund is 100 pounds.
Let me put it another
way, how would you feel about this: You give me 100 pounds out of
your wages each month, and in a years time I will give you one thousands
two hundred pounds. It doesn't sound as attractive now does it?
The opposite is true
also, we should be happy when we owe the government tax, it means
that they have given us an interest free loan. This thinking might
help put a sugar coating on any tax payments you might have.
Our Sponsor can help
you with questions such: How
to claim a tax rebate If you have always been wondering "Can
I claim a tax rebate?" contact one of the experts at Tax
Refunds.
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