Getting Your Summer Spending Money

Does The Taxman Have Your Summer Spending Money?

It’s nearly time for your annual summer holiday, and although you’re excited, you may want a little extra cash in your back pocket to ensure you have a great time. If your employer pays your tax (PAYE) then you probably don’t realise that you could be owed a tax refund.

With a rise in people working from home, abroad or on the road, the chances are there’s a lot of work related items and activities you could be claiming money back for, if you paid out of your own pocket. Typical items you could claim for include petrol or travel costs, computers, work clothes, mobile phone charges, Internet or even more random items such as Golf Clubs, animals, flights, depending on the industry you work in of course.

In addition to items you’ve bought for work, there are a variety of reasons why you may have over paid on your taxes including being on the wrong tax code, your employer placing you on emergency tax, or a change in your circumstances such as changing from part-time to full-time work.

In particular students, foreign workers, seafarers (people who work on cruise ships or at sea) and construction workers are commonly over taxed where they only work during holidays, part time, on contract or because they leave the country half way through the year or are working abroad for UK companies.

It may be the case that you overlook your tax return and will receive the payment in the coming years but why wait when you could get back your cash within weeks and have it now to fund your summer holiday, meet the dreaded bill payment or treat yourself to that pair of shoes you’ve had your eyes on.

The trick to getting back money you’re owed is to keep receipts for all your work related costs and get in touch with a reliable and trustworthy tax agent. You can, of course, file your return free online through HMRC’s website, however speaking with a registered tax agent and paying a small fee or commission can take away the stress and enable you to get back the maximum amount possible, as these guys know the ins and outs of what you can legally claim.

Technology has done amazing things for this industry as the development of online tax application systems means that more and more people are able to submit, and claim back money they’re owed from wherever you are in the world. With no upfront fees it costs you absolutely nothing in advance to find out if you’re owed a refund.

Remember it’s a tax agent’s job to help you get back the cash you’re owed. The only thing you have to do is get in touch with them.It’s nearly time for your annual summer holiday, and although you’re excited, you may want a little extra cash in your back pocket to ensure you have a great time. If your employer pays your tax (PAYE) then you probably don’t realise that you could be owed a tax refund.

To speak to one of our helpful agents click here

 

Photo by Blake Wisz on Unsplash

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