Top 10 Reasons you may be owed a Tax Refund From HMRC

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 Many Reasons Why you may be due a tax Refund Here are a few examples.

1. 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
2. You may have only worked for part of the tax year
3. You're a student and didn't complete form P38S Student Employees form to put you on the right tax code
4. You had multiple jobs
5. 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
6. You ceased working and didn't get any taxable income or benefits for the rest of the tax year
7. Your working circumstances changed - e.g. you changed from part-time to full-time working or became self-employed
8. You were made redundant and didn't work for a period of time.
9. You work in the construction Industry (CIS Refunds)
10. You have worked out of UK Seafarers Tax Refunds

As we work on a No Refund No Fee Basis you've got nothing to loose and plenty to gain so why not apply online or give us a call Freephone: 0800 071 6766.

Have you been to Australia? Great Photo Contest if you've got a good photo!

With Australia being one of the most popular Working Holiday destination British students many of us have travelled to Australia, Have you?

If you have been to Australia then you probably took some great photos. How about the chance to have one of your best Australian memories projected on the side of the famous Sydney Opera House?

If you have ever taken a photo that captures the spirit of Australia and would love to share it to the world, well now is your chance. Imagine seeing your photo illuminating the most beautiful canvas in Australia, The Sydney Opera House.

 

Entries close this Thursday 18 April 2013 at 7:00pm AEST so enter now for the chance to see your photo projected on one of the world’s most iconic buildings.

For More Information and to upload your photo simply click here

Real Time Reporting causes problems

With the introduction of RTI the HMRC are trying to make Income Tax simpler, but fears are being raised that it is simply causing headaches and extra workload for Employers.

Whilst HMRC wants employers to provide correct National Insurance numbers for their employers in their PAYE submissions wherever possible, there will be occasions where a National Insurance number isn't available (for instance, when an employee is under 16 years old). Read more 
http://www.hmrc.gov.uk/news/rti-nvr.htm

There have been other problems already with a late change on which businesses need to implement RTI now, small businesses with less than 50 employees have been granted an extension to October. Despite the requirments it seems that HMRC's computer systems have already had a glitch http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/9980356/HMRC-struggles-with-computer-glitch-amid-PAYE-shake-up.html

To make matters worse Thousands of staff at HM Revenue and Customs (HMRC) have gone on strike, potentially causing difficulties for those looking to get their tax affairs in order.

The strike has been timed to fall at the same time as various changes to the PAYE tax system come in to place. Up to 55,000 workers at call centres and enquiry centres have been on strike during these changes, making contact with the HMRC challenging for many.

We can make it easier to claim your tax refund and save you the hassle of trying to reach someone at HMRC. We've already told you about the problems of trying to reach the HMRC back in december.https://www.taxback.co.uk/blog/2012/20-million-calls.aspx 

Students Tax Refund

Life for students is not always easy, managing the juggle of study and play not forgetting that many Students tend to work part-time, seasonally, with agencies or take on holiday work.  all of which result in students overpaying tax due to the inefficiencies of the PAYE system. In fact almost every student pays too much tax!

This system isn't really designed for students. It can leave you hundreds of pounds out of pocket and that's where we come in! We can get your tax refund within 2 weeks and you don't have to pay anything if we don't get you a refund. If we do, we take a commission from the refund only when we get it, so it's not going to cost you a penny!!  Plus you could be in with a chance of winning an Apple Ipad ! So its a win win situation, just give us a call or apply online www.taxback.co.uk

If you are a student and your payslips show any of the following codes, you are paying emergency tax and you are due a tax refund. Codes: BR, 747L W1, 747L M1, BRM1, BRW1, 747L X, WK1 or MTN1.

What could you do with a refund? Many students will be running on empty waiting for the next loan installment which is due this month. Just think how much easier an extra payment will make this coming term. Remember that we can help you to claim back taxes not just for 2012/2013 but for years previous, perhaps you were working before you started your studies.