All over the country people are receiving their P60’s and many are collecting tax refunds from over payments of tax on their wages. You might see a friend or family member getting a tax refund and be wondering ‘Do I qualify for a tax rebate?’ This article will help to answer this and other questions for you.
- Do I qualify for a tax rebate?
- What is the criteria for getting a tax refund?
- What is the deadline for claiming a tax rebate?
- Does claiming a tax refund affect my work permit?
This will depend on how much you have earned and how much you have paid in tax within the year. We have updated our tax refund calculator which you can use to see if you qualify to make a claim. Just put your tax and income totals into the respective boxes and press ‘calculate’.
There are a number of reasons why you could be eligible. Including:
- Working part time
- Studying and working at the same time
- Being put on an emergency tax code
- Leaving the UK
- Earning below the tax free allowance (currently £6,475)
- And a number of other reasons
The deadline used to be 6 years to make a tax refund claim but this has been reduced to 4. So if you think you could be due a tax refund from any time in the last 4 years, why not make a claim. The average refund amounts to hundreds of pounds and each year over £300,000,000 goes unclaimed. We recommend you do not wait for the deadline and make your claim as soon as possible because often the application process can take more time then expected.
Claiming a tax refund does not affect your eligibility to work in the UK. When you claim a tax refund you are simply claiming an overpayment of tax, which is rightfully yours.
Let us know in the comments if you have any questions about this article or if you need anything clarified.