tax rebate service

Tax Refund Claiming Information

On some occasions when you are working for a company you may discover that you have been paying higher income tax and you think you are owed tax rebate than you owe mainly if you get new jobs repeatedly or have taken on more than one job together. If you believe that you are charged higher tax than you owed you have the chance to request for a repayment.

HOW CAN SOMEONE PAY EXCESSIVE TAX WHEN WORKING?

You have possibly paid too much tax and can get a tax refund if:

1. you are doing your studies and only worked at vacation times and did not fill in form P38S Student Employees
2. the company that employed you was utilizing the incorrect tax information
3. your employment lasted for a temporary period of the year
4. you were working on over one job together
5. you stopped working and did not receive taxable pay or assistance for the remaining part of the year
6. your financial situation changed - for instance you altered from a permanent role to a part time role or started your own business
7. other forms of earnings you have that was taxed with the use of your tax code, for example investments and other forms of income has declined in value since you last told the income tax department about it - that means the earnings included for the tax code is too much
8. you were employed a new role that meant that you were given a reserve tax code allocation until you got given a suitable tax code

PAYE (Pay As You Earn) and tax codes

Your tax code is supplied by your local income tax office and depends on the info they know relevant to your financial situation and your eligibility to allowances. You can locate it on the PAYE code notification (it is mostly dispatched to you prior to the beginning of the financial tax year and there is a chance that it is sent at any other time of the year if something has changed). Not everybody will receive a notice of this type but the code can also be located on your P45 or your pay slip. It gives information to your employers HR department the amount of tax to take prior to receiving your income. Receiving tax deductions in this way is known as PAYE. If you have a number of jobs or you get a pension and are employed its possible that you have more than one salary tax code.

TAX REBATE FOR SELF ASSESSMENT TAX THAT IS OVERPAID

If you somehow feel that you have paid out too much tax after submitting your self assessment read the tax office guide to see how to recover your tax refund. If the tax office owes you a tax rebate the tax department will give you a tax payment by either sending it to your account used for self assessment to offset against the future tax payments or by money transference or check

GETTING BACK PAYE OVERPAYMENTS - FROM PAST YEARS

Write to your local tax office and send any appropriate paper work related to your wages during the tax year for claiming tax back such as:

1. the financial information related to your job and any income benefits details to claim a tax rebate
2. P60

The local tax department will check your questions for overpaid tax, and check how much is owed to you and send over to you a rebate.

GETTING TAX REBATE FOR PAYE TAX OVERPAYMENTS - IN THIS YEAR

A decision on whether you to obtain a tax refund this year will depend on the state of your income. There are lots of tax refund specialists who have a lot of experience specifically in this area to help you get a tax refund for you.

CLAIMING BACK DURING A JOB

Tell your employers Tax Department why you feel that you were charged too much tax on your earnings. They may actually have everything they will require for any pending tax refund.

 

 

 

 

 

 

 

 

 

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