The dreaded three word word “tax” can evoke a wide range of emotions. But this is not necessary, because the grass on the other side may become greener.
Confusion about tax refunds is common.
The tax refund is the repayment of the increased PAYE tax in the tax year. According to statistics, one out of every three people in Britain needs a tax refund.
If you have lived and worked in the UK, you may need a tax refund under certain circumstances.
What are these situations?
-
You only worked part of the tax year.
-
You worked for more than one employer in the tax year
-
Perform multiple tasks at the same time
-
You have already paid tax at the basic tax rate
-
You have paid emergency tax in the past five years.
-
You left the UK before the end of the tax year (April 6 to April 5 next year)
-
You have used the wrong tax code in the past five years.
If you think any one or more of the above situations have occurred, you are likely to get a tax refund.
At this point, you may feel that all the troubles are not worth refunding, but it is worth it. An average refund of £ 850 is available. If no refund has been requested in the past 5 years, there may be more.
How to apply for tax payment through an agency?
You must complete an online tax refund form and provide the company with your employment details and original P45 and P60 documents. If the file is missing or the original file does not exist, you can use the income statement or help the agent import the correct file.
Later, the process will move forward, you will know the latest tax refund status and receive notification of any activities.
The greatest pleasure of using an agent company is to give the business to the agent company and get the money in 6 to 12 weeks.
Most organizations provide online tax refund calculators. This will provide you with a tax refund forecast based on the information you enter into the calculator.
Don’t let the trouble of tax refund prevent you from getting what you deserve.
