One of the most common questions that we get asked is: “Am I entitled to a tax refund?” Everyone’s circumstances are different, however there are a number of common factors which can be isolated to assess if you are eligible for a tax rebate.
- How do I know if I am entitled to a tax rebate?
- What forms do I need to claim my tax refund?
- How can I calculate my tax refund entitlement?
- What is the deadline for applying for a tax rebate?
How do I know if I am entitled to a tax rebate?
It will depend on how much income and tax you have paid in the year. As a general rule of thumb, if any of the following apply then you will be able to apply for a tax rebate from the Inland Revenue:
- Leaving the UK part way through the tax year
- Being put on an emergency tax code
- Working while a studying
- Being made redundant
- Retiring from work
If any of the above apply then you can apply for a tax rebate assessment
- Any P45/P60’s
- A P91
- P85/P86 – Leaving/Entering the UK forms
- Covering Letter
- Form P38(S) – Inland Revenue Student Exemption
How can I calculate my tax refund entitlement?
If you have a P45/P60 or your wage slips which show how much you have earned in the tax year and how much you have paid in tax you can calculate your tax rebate entitlement.
All you need to do is take the income and tax figures for the year and input them in the tax rebate calculator. The calculator will then work out how much you can expect to get back from the Inland Revenue.
What is the deadline for applying for a tax rebate?
If you want to claim your tax rebate you will need to do so within 6 years of the tax year that you are claiming for. The deadlines can change so we recommend that you submit your application as quickly as possible to avoid the rebate expiring.