Tax Refunds Do You Qualify
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Tax Refunds – Do you qualify
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UK Tax Refunds
There are many ways that you can be entitled to a UK Tax refund.
These can arise from having income arising under a variety of sources. Such as under PAYE (Pay as you Earn) where tax is deducted at source or perhaps if you have income paid under the CIS (Construction Industry Scheme). Under PAYE you may be able to claim some business expenses depending on the actual work that they do. One example could be a mobile Home Carer where they use a motor vehicle to carry out their duties. If mileage expenses have not been reimbursed by their employer it may be able to claim them and indeed go back over previous years up to a maximum of six tax years. Another example could be a Motor Mechanic who provides his own tools as is very common on that trade. Another way that a UK tax refund will become due is that if you leave the UK and have no intention to return and take up PAYE employment before the next April the 5th (the end of the tax year). You will be entitled to claim a UK Tax refund. If you have already left the UK you can appoint an agent to claim the refund on your behalf and remit the money to you any where in the world. Even if you are still in the UK but planning to leave shortly it is still worth appointing a Tax Agent as they know the ropes and can often speed things up on you behalf. Yet another way that you may qualify for a refund could be that you started a PAYE employment part or mid way through a tax year where you may then have been taxed on a month 1 basis. Where a PAYE code has been issued as a month or week 1 basis it means that the tax free part of the pay is calculated only on each monthly or weekly monthly payroll and not on an accumulative basis. So if you stated say six months into the Tax Year and had a month 1 code then at the end of the tax year you would have one half of the personal allowances unused. A normal Tax code which is not on a week or month 1 basis will allow the free pay to accumulate evenly over the tax year so that the Tax due would be calculated correctly and in those circumstances there would be no refund due. More often than not a week or month 1 coding will mean that an income tax refund may be due. As Tax can be taxing and complex it is best to use a Tax Agent to get you your Tax reclaim.
The Author Peter Jones writes many articles on reclaiming UK Income Tax and for further information one of his web sites is at
PAYE Tax Back
Article Source:
ArticleRich.com