Being Unemployed Almost Guarantees a Tax Rebate

The economic downtown of the last few years has left many unemployed in the United Kingdom.


As a result of companies downsizing, many people were made redundant. If you are among the unemployed, no doubt meeting your financial obligations has been stressful. On the bright side, however, you are most likely due to get a tax rebate.


Why is Money Owed?

It's fairly simple. PAYE assumes you'll be making the same amount at the same job for the duration of the tax year. Additionally, everyone is given an annual tax-free allowance, the amount you can earn before you have to start paying taxes (£7,475 2011/2012). The tax system spreads that allowance over all your paychecks, starting immediately. Thus, if you are made redundant six months into the tax year, you have only taken advantage of half of your tax free allowance. It's like you started paying taxes after earning only £3,737.50, instead of £7,475. Actually, the longer you've been unemployed during the tax year, the more you have overpaid.


How Do I get my Money?

It's easy. Use our online tax calculator to figure out how much is owed to you. Even if you have already found another job, you can apply for your back tax for up to four years. Taxback can make the process simple and seamless for you. Our team of professionals assists anyone paying UK taxes, including those who have left their employer and earned less than the tax-free allowance. Taxback offers a free, no obligation consultation and will take care of your rebate at a low commission rate.
Don't leave money on the table. The unemployed are a group most in need of additional funds. Contact us to find out if you are owed tax money.

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.