What You Need When You Claim PAYE Tax Refund Online – TaxBack

from the blog.

Claim PAYE Tax Refund Online

What You Need When You Claim PAYE Tax Refund Online

Girls -jumping -in -the -sea

You can claim PAYE tax refund
online, which is easier than doing it the conventional way. But you
still need to provide the required documents, just as you would on
a regular tax back claim. It is also important to note that you
can’t claim tax refund online for someone else.

Employer’s PAYE Reference
Number

This can be found on your P60, which
is a document that shows the income tax you’ve paid in the 6 April
to 5 April tax year. The same form will serve as proof of your
income when you apply for a mortgage or loan, and tax
credits.

Details on Taxable Income and
Taxable Benefits

You pay tax on money you earn from
employment and from services you sell if you’re self-employed.
Other taxable income includes most pensions, job benefits, rental
income and income from a trust.

State benefits, on the other hand,
are either taxable or tax free. Some of the benefits you pay income
tax on include State Pension, carer’s allowance, employment and
support allowance, jobseeker’s allowance, bereavement allowance,
incapacity benefit widowed parent’s allowance, widow’s pension and
pensions paid by the Industrial Death Benefits scheme.

HMRC’s Tax Checker

Not sure if you’ve paid too much tax
on income and other taxable benefits? Use HMRC’s Tax Checker to
determine if you are eligible for a tax rebate. Make sure you have
your P60 on hand, and you have the details of any savings you have
or gift aid donations you made to charity.

It is important to note that the tax
checker is only applicable to individuals with a basic or higher
tax rate, needs to get their personal allowance, and are born after
5 April 1948.

Think you may be due a tax refund? Apply here to get
your tax back.



Related Posts

Important Dates In The UK Financial Year – Key 2020 UK Tax Dates

The UK Tax Year 2019-2020 - Dates to Remember to Avoid Penalties UPDATED: 2nd April 2020 The UK Tax Year runs from 6 April to 5 April of the next year. Within this period, all of your income, whether earned or...

6 ROI’s To Spend Your 2020 Tax Refund On

Got a Tax Refund due in 2020? Here's 6 ways to spend it wisely and maybe even make more money. Are you expecting a tax refund in 2020? Although you deserve to spend it any way you want, you might...

What is the 2019/2020 Tax Code?

In UK tax news, the Personal Allowance amount, or the figure you can earn before paying income tax, will go up to £12,500 for the 2019-20 tax year. The numbers section of tax codes gives this number. For employees it...

Leave a Reply

Translate »