Are You Due A Tax Rebate?

Each year, British tax payers are leaving millions of pounds in unclaimed tax rebates with the Inland Revenue because they are paying more tax than they should.

If you have overpaid your income tax, you are entitled to a tax rebate.

There are a number of reasons why a person might over pay their tax including, but not limited to:

	Your employer having the wrong tax code
	Change of circumstances, for example marriage, retirement, etc
	Incorrect assessment by HM Revenue & Customs
	Being placed on an emergency tax code after starting a new job
	Having tax deducted from savings when you're not a tax payer
	Permanently living or working abroad

Tax rebate claims can be made up to five years after 31st January, following the end of the tax year in which the tax was over paid. Even this time limit can be extended in cases where the overpayment was due to an error on behalf of HM Revenue & Customs.

Not only that, but interest is also paid on any tax rebate made if the repayment is made after January 31st following the end of the tax year in which the tax was over paid.

So how do you go about finding out if you're entitled to a tax rebate?

Luckily, there are many tax advisors specialising in the subject of tax rebates and many operate on a no rebate, no fee basis, charging only a percentage of the tax successfully reclaimed on your behalf.

Many of these companies specialise in helping only those people on PAYE, whilst others help a wider clientele including self employed individuals and limited company directors.

The companies listed below might be able to assist you further, or if you prefer dealing with somebody more local, simply look up tax advisors in your local telephone directory or Yellow Pages. 

The information on this page is provided for information only and does not form the basis of any professional financial advice.