Tax Advantage

Tax Rebate FAQs

Dealing with HMRC in any capacity can be a daunting task and leave you confused or with more questions in what the processes are for making a claim to HMRC for a tax refund.

Many people each year go without claiming a refund believing it is too complicated and isn't worth the hassle.

Here are some of the frequently asked questions about claiming a tax refund, if you have any other queries on claiming tax back or would like to enquire on gettng a tax refund please use the contact form and we will get back to you within 24 hours.

Who Can Claim a Tax Refund?

It all depends on your working circumstances, how long you’ve worked and of course how much tax you’ve paid. There are certain scenarios where you are likely to be able to claim a tax refund.

If you are working part time or have worked for only a certain period of the year you could possibly be due a tax refund because even though you may in a given month earn more than the taxable threshold amount you might not be earning more than the annual threshold.

People who are planning on leaving the UK are also likely to be able to claim a tax refund, as well as a national insurance refund. Also, many people start work on an emergency tax code which means you pay a flat tax rate which could be higher than you should be paying.

What Information Is Needed To Evaluate My Refund?

P45, P60 and P11d, (if you received any benefits from employment), documents are the most important documents you will need and you would need original copies of these. Remember that you will need a P45 (the end-of-employment tax statement) for every job you have had in the past year. A P60 will be issues to you if you were employed at the end of a tax year, which is on the 5th of April.

You may run into some difficulty if you have lost your P45 and P60 documents, so it is important that you keep these. It is possible to request a statement from your previous employer detailing what you were paid but they’re not obliged to send it to you.

You will also need to provide details of any other income you may have had in the year, for example, bank interest received, dividends from shareholdings, profit on cashing in an assurance/endowment etc.

Can I Claim Back All of The Tax I Paid?

You can only claim back money you paid in taxes over and above the amount the law says you should have paid. We make a calculation based on the information you provided to us to find out how much tax you should have paid on your earnings. We then compare this to the amount you paid or the amount your employer deducted from your earnings and paid to HMRC. If the total amount you or your employer has paid is more than the law says you should pay you may have a case for a refund.

Do I have to Visit Your Office to Process the Claim?

Usually all the work can be done remotely. You can post your original documents to us and further communications can be over the phone or by email. Any documents we need to return to you can be returned in the mail. We might also ask you to fill out some forms or a questionnaire, in each case these can be emailed, faxed or posted back to us.

How Long Will A Tax Refund Take?

Like many businesses there are periods in the year that are busier than others, however our aim is to provide a fast and efficient service to all our clients and to turn around a tax refund claim within 48 hours. Once the claim has been submitted to HM Revenue & Customs it should take around 2 – 4 weeks for the claim to be processed and the money refunded to you.

 

quality serviceWhy use Tax Advantage Refund Service?

Tax Advantage offers:
• Free no obligation tax refund review
• No refund, no fee policy
• Fast Efficient Service
    Tax Advantage will calculate exactly how much tax rebate you are entitled to, once you have signed the claim form we will liaise with HMRC to ensure the claim is processed as quickly as possible.

    Call Now on: 08448 707 437

    Or use the Contact From

    Latest News

    • The 2012/03 Tax Year

      Your allowences

      new tax year

      On Friday 6th April, the new tax year started for the period 2012/13 tax year. There are numerous changes that now affect all taxpayers, and the major changes are summarised in this article.

    • 2012 Budget Highlights

      budget 2012

      Income Tax

      Increase in personal allowance for tax year 2013/14 to £9,205

      50% additional rate tax cut to 45% (applies to income over £150,000)

      No other rate changes have been announced

    You are here:

    Follow US

    About

    guaranteeTax Advantage offers a friendly professional service where the client comes first.