Tax Rebates & Refunds

How to find out if you are actually eligible for a tax rebate

July 20, 2011
Posted in Tax Rebates — Written by Jennifer

There can be a number of reasons as to why a person is eligible for a tax rebate. Any person who has paid more tax than they need to is entitled to claim for a tax rebate. In case you are moving base to another country, have retired already, have been unemployed for a period of time or have been on an emergency tax code, then you may be due for a tax rebate. Students who are working and earn less than the tax free allowance can also get a tax rebate.

If you are working in the same firm for a period of just over a year then it is highly unlikely that you will get a tax rebate. But, it is not too much trouble for you to check it in any case. An employer has to give the form P60 to their employees at the end of every tax year so you can see what code you have been on.

An easy way of finding out how much tax you are likely to get is by feeding the total income and the tax you have paid for that year into a tax rebate calculator to get the exact amount. In case you have lost the form, you can also have a look on your payslips.

If you still encounter any problems with getting the right figures, then you can always ask your current or former employer to give you a statement of earnings on their letter head. This way you will have all the information you require. You can make a tax rebate claim online can make a claim on tax dating back for up to six years.

No Comments (Leave comment »)

No comments yet.

Comment RSS | TrackBack URL

Leave a comment