Tax Rebates & Refunds

Be prompt in your communication of tax overpayments

July 2, 2012
Posted in Tax Rebates — Written by Geoffrey

One of the most successful features of the tax system in the UK is the fact that it is based on proportional contributions. What you pay in tax is worked out on a scale according to what you earn. A percentage is taken in order to make sure that everyone pays what they can afford. This system is punctuated by thresholds designed to ensure that those who can pay more do pay more.

This tends to be the best way of doing things in the sense that fairness is upheld from the very bottom to the very top of the scale. Of course, mistakes undermine the inherent fairness of the system and they sometimes see those who can pay more let off the hook while those who earn less are asked to contribute more than is reasonable.

These mistakes need to be addressed. If you keep an eye on how much tax you are paying then you ought to notice when things simply aren’t right. This is when you need to make contact with the HMRC and you should do it with the same promptness as the HMRC would react if you weren’t paying enough.

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