Using a Tax Rebate Service Could Save You Thousands
Nowadays, it seems that everyone is tightening their belts, and trying to make their money go further. The Brexit negotiations have left the UK economy in a fragile state, and no one seems to know quite what the future will hold. But what if we told you that you could be owed hundreds of pounds that you never even knew about? It might sound too good to be true, but the fact of the matter is, hundreds of thousands of people in the UK end up paying too much tax- and are owed that extra amount back by Her Majesty’s Revenue and Customs (HMRC).
One of the most common reasons why people are owed a tax rebate is down to their work uniform. Many people are told that they have to buy their own uniform, and are responsible for cleaning and repairing it themselves. However, relatively few of those people know that in these circumstances, you can claim back the money you spend on your taxes. This amount can soon add up, and within the five-year period you can claim a tax rebate on, it could add up to hundreds. Whether you have to wear specialist protective equipment, or just have to pay your employer to use their designated uniform, it’s pretty likely that you could be owed some money in a tax rebate.
Other people find that they are owed a tax rebate because HMRC have made a mistake when calculating their taxes, or their employer has deducted too much tax from their wages. This latter situation is particularly common with people who work more than one job. Your second employer will often deduct tax at the basic rate, so you might not be getting your full tax-free personal allowance. Students and low-paid workers are the most likely to encounter this problem, and they’re also the people to whom a few hundred pounds extra income will mean the most. It’s therefore definitely worth looking into whether you might be owed a tax rebate if you are in this situation.
Actually, claiming your tax rebate can be a tricky process if you’re not familiar with HMRC processes, though. That’s why plenty of people choose to let the professionals deal with things for them. By working with a company like Tax Rebate Services, the whole process is made quick and simple. All you have to do is fill out some information about yourself and your employment history, and they will do all the hard work for you. While rebate companies do charge a small fee, that amount is nothing compared to the length of time you would otherwise have to spend filling out forms and following up phone calls.
So, if you think you might have overpaid in tax over the last five years, then it’s time to do something about it. Kick starting the tax rebate process is as simple as getting in touch with a rebate company and filling out a simple form, and you could find that you end up being awarded hundreds of pounds for doing so. Every penny counts, so don’t give more to the taxman than you should- find out whether you’re owed a tax rebate today!