Why do I get a tax refund?
It's not always easy to find out if you're owed tax back from HMRC. If you are, there are strict rules about claiming it. Even if you're owed a tax refund, the taxman isn't just going to fork over your cash without a struggle. You need to prove to HMRC that you've paid too much tax, and that's what trips so many people up. To get what you're owed, you really have to understand how a tax rebate works.
Here's how to claim a tax refund. If you're trying to get tax back for travel expenses to temporary workplaces, a list of everywhere you've worked is a good start, along with what you paid to get there. Beyond that, any evidence you can stock up will help prove and speed up your tax refund claim, and get you your money back.
Remember that lost documents can often be replaced. Banks should be able to give you copies of statements, and even things like invoices can be reproduced. All of these will help you get a tax refund from HMRC as quickly as possible. If you can save your documents along the way, that's even better.
There are lots of reasons why you might pay too much tax and be due a tax rebate. You might have work expenses like travel costs or be due a uniform tax rebate for taking care of a uniform, for instance. You might be paying subscription fees to professional bodies, or maintaining the essential tools of your job. Even if you aren't paying for work costs yourself, you might still be owed a tax refund. For example:
- You might only have been employed for part of the tax year.
- You might have been issued the wrong tax code.
- You might be self-employed and your payments on account are too high.
Tax law can be complicated, and many people end up paying too much tax without even knowing it. If HMRC discovers a mistake, they can often help you. If they don't know that you're owed money, though, you have to claim it back yourself.
Do I Qualify?