Tax Rebates & Refunds

Tax refunds are like the savings you never knew you had

February 5, 2014
Posted in Uncategorized — Written by Chris — Comments (0)

Tax rebates are a wonderful thing, but remember that they are no more than you actually deserve. Any refund you get from HMRC is a reflection of the fact that you have overpaid for a given period of time. Sometimes the refund relates to a period of time some years ago, in which case the [...]

Employees and their tax refunds

April 23, 2011
Posted in Uncategorized — Written by Geoffrey — Comments (0)

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 [...]

The wrong tax code theory

April 1, 2011
Posted in Uncategorized — Written by Geoffrey — Comments (0)

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

January 10, 2011
Posted in Tax Rebates, Uncategorized — Written by Geoffrey — Comments (0)

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

October 4, 2010
Posted in Uncategorized — Written by Chris — Comments (0)

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 [...]

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