Are you due a tax refund? Here are 10 reasons you might be. Everyone likes to hear some good news now and again, and a tax refund of any kind is always going to be welcome.
As Employers start to hand out P60 forms to millions of employees many of which could be due to a uk tax refund. There are a number of reasons why you may be due a tax refund, in this article, we provide 10 reasons you might be due one.
Here are 10 reasons why you could be owed a UK Tax Refund
- If you started a new job your employer may have given you an emergency tax code for a while or they may have been using the wrong tax code
- You may have only worked for part of the tax year
- You’re a student and didn’t complete form P38S Student Employees form to put you on the right tax code
- You had multiple jobs
- Other income you have that is taxed through your tax code for example, savings/investment income has reduced since you last told HM Revenue & Customs (HMRC) about it – which means the amount of income included in your tax code is too high
- You ceased working and didn’t get any taxable income or benefits for the rest of the tax year
- Your working circumstances changed – e.g. you changed from part-time to full-time working or became self-employed
- You were made redundant and didn’t work for a period of time or had to leave the UK due to COVID
- You work in the Construction Industry (CIS Refunds)
- You have worked out of UK Seafarers Tax Refunds
As we work on a No Refund No Fee Basis you’ve got nothing to lose and plenty to gain so why not apply for a PAYE tax refund online or give us a call.