Tax Rebates & Refunds

How to use the HMRC’s Tax Checker tool

October 27, 2012
Posted in Income Tax — Written by Jennifer

It can sometimes be difficult to work out whether you’re paying the right amount of income tax, but it is important to take responsibility for your own tax affairs. This is because, if you are paying too much tax, you could be due a tax refund.

To help you work out whether your income tax is right and whether you need to put in a claim for a tax refund, HM Revenue & Customs has made a very useful tool available. It’s called the Tax Checker tool, and to use it you need to meet a certain set of criteria. You need to be:

• In receipt of the basic Personal Allowance (the amount you can earn before paying tax, an Allowance which most people living in the UK are entitled to)
• Under the age of 65
• Either a basic rate taxpayer or a higher rate taxpayer

To use the Tax Checker, you need to provide certain details. You’ll need to enter your total earnings for the tax year (before tax) and the amount you paid in tax. You’ll also need to provide details of the total amount of tax you pay on savings, the interest you earn on savings and the total amount of Gift Aid donations you have made in the last tax year.

Once you’ve entered all of these details, the Tax Checker will then provide you with an estimate.

If you want to find out whether you’re entitled to a tax rebate or not, you should get in touch with a tax refund specialist.

No Comments (Leave comment »)

No comments yet.

Comment RSS | TrackBack URL

Leave a comment