Think you’re being over taxed? You could be overpaying tax through PAYE. Check your payslip and get in touch at www.taxback.co.uk to claim a PAYE Tax Refund.
If you are taxed under the PAYE system, the possibility of you claiming for a refund depends on several factors. In some cases, you may not have to think about it at all because HM & Revenue Customs (HMRC) will automatically send you a repayment of tax.
But what if you have been given an incorrect PAYE code, or that you strongly believed you overpaid tax?
Claiming Back Tax
Before the end of the tax year, telephone HMRC and inform them that you think you paid too much tax. Be ready to provide them with your personal details, PAYE scheme reference number, and estimates of your earnings for the current tax year. If you’ve been switching jobs within a tax year, you must provide the necessary details for each source of earning.
However, if you claim at the end of the tax year or for previous tax years, write to HMRC to make a claim. Make sure it’s labelled ‘repayment claim’, so it will be prioritised upon receipt. The letter must contain full personal details, employment history, and the reasons you think you’re due a repayment. It should be sent to HMRC along with copies of your forms P60 and P45. (Why is your P60 Important?)
If you stopped working part way through a tax year, with no source of other taxable income or have any plans to go back to work within 4 weeks, you can still claim back tax using form P50 through Verify on GOV.uk, where you can submit the form online.
If you are on strike, you won’t get a refund at the end of the tax year, but it will be given to you when you go back to work or when you leave your job.
Apply for a PAYE Tax Refund
Think you may be due a tax refund? Apply here to get your tax back