Tax Rebates & Refunds

How tax rebate calculators work

September 22, 2012
Posted in Tax Rebates — Written by Chris

The UK tax system can be a headache to work out, but luckily, most of us only need to know about the parts that affect us. Tax rebates are an example of a tax process that is hard to understand, but again, there are only certain parts you need to know about.

If you think you may be owed a tax refund from HMRC, you will need to fill in a form and put in a claim. You can do this yourself or you can use a specialist tax rebate company or an accountant to put in the claim on your behalf.

Before you do this, you may want to use a tax rebate calculator to get an idea of what you may be owed. This can be useful, particularly as a large tax rebate estimate from one of these calculators may persuade you to file a claim when you previously wouldn’t have bothered.

Tax rebate calculators are generally very easy to use. You can find them online, especially on tax rebate specialist websites, and all you need to do is enter a few simple details and an estimate of your likely tax rebate will be displayed (if any).

Tax rebate calculators differ, but generally, you will asked to provide details of your income for a particular year, the tax year itself and the tax you paid, and perhaps a few other bits of information.

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