Employed people often miss out on the opportunity to apply for a tax rebate. They are either too busy or they couldn’t care less about tax rebates. However, tax rebates are nothing but your money, your hard earned money. The main reason for people to ignore the possibility of obtaining a tax rebate is that [...]
Tax Rebates & Refunds
The wrong tax code theory
Tax codes inform taxpayers about how much their employer and pension firms can deduct from income tax. Tax codes are allotted annually to the employees and tax is deducted as per the codes from an employee’s weekly or monthly wages.
Millions of people around UK pay wrong taxes, either more or less because they have been [...]
Tax refunds – what you must know
Are you a UK citizen? Do you work in the UK? Do you pay your taxes? If the answer to the above questions is affirmative, there are chances that you may be due a tax refund.
A taxpayer becomes eligible to claim tax back when the amount paid exceeds the tax liability. There are numerous reasons [...]
The role of your P45 in getting a tax rebate
A P45 is an important tax document that your employer will provide after you leave a job. This document has all the details about your earnings and the taxes you paid during the tax year.
What details does a P45 show?
• Your tax code
• Your PAYE reference number
• Your income for the financial year
• The amount of tax you [...]
Tax refund – could you be eligible for one if emigrating from the UK?
Many people are now emigrating from the UK and in 2006, the office of national statistics showed that 385,000 people had left for different countries.
People are unaware that they can often claim a large portion of income tax when they leave the country. To assist you with the process, below are some FAQs and [...]
