Probably Our Most Common Question: Why Would I Be Due A Tax Refund?

The first reason and main why is HMRC could have made a hiccup with your tax code in the last 4 years, you haven’t checked it and are due some money back. This happens more often than you think! with shocking statistics like 3/4 nurses who apply being on the wrong tax code, there’s quite a high probability that somewhere along the line you’ve been on the wrong code.

The other is you might not know there are special allowances, (or were special allowances as some of them have gone now) you were entitled to ask for so you paid less tax for that period of time, if you follow.

If you didn’t know about these allowances, there’s no way you could have asked HMRC to put them in your tax code so they give you the wrong code. That meant you paid MORE tax than you needed to.

And that means you’re OWED money.

The good news is it’s not too late to get your money back because HMRC lets us go back up to 4 years to claim any allowances you missed out on, or to correct any mistakes.

The problem you’ve got is unless you know what to look for, you won’t spot any mistakes and unless you know what allowances you were entitled to, you can’t ask HMRC to let you have them! That means any money you overpaid is going to stay in HMRC’s bank account, instead of yours! HMRC also gives you a deadline to claim your money back. If you miss it, they’ll keep your money!

Our Average Tax Refund For Clients Is Over £206!

Even Pensioners aren’t safe from the tax mans grip….

A new article by the watchdog behemoths WHICH has just uncovered some startling facts about the pension freedom scheme:

The pension savings that are being taken out early because of the freedom schemes are being invested in really poor-paying cash savings accounts…
Most people who’re taking their pensions out early are taking the first plan they’re given from their pension scheme providers and not shopping around for the best deal…
The FCA is getting worried that people are choosing their ‘drawdown’ without being advised…
Now, worryingly, WHICH have ALSO found pensioners could also be overpaying tax on their pensions and failing to reclaim money they’re owed!

More woes pensioners don’t need!

We can’t help with sorting out drawdowns or investing choices, we can do something about the overpaying tax situation.

With our service, you simply give us some information and we check everything for you, to make sure it’s all tickety boo.

Simple.

To start your review now, simply click the big green button at the top of the page right now!

Wonky Fruit = Tax Refund.

Wonky Fruit = Tax Refund.

I bet you never thought you would hear ‘tax refund’ & ‘wonky fruit’ words in the same sentence, eh?

At the minute wonky fruit is all the rage in the supermarkets – with Tesco bringing it’s own range of ‘wonky fruits’ to the fray.

Wonky fruits are fruits that are slightly less than appealing to the eye, yet contain all the goodness of a normal fruit. People usually don’t buy them because they look pretty… well… wonky.

But the sudden surge in people wanting to buy this imperfect fruit has caused Tesco to bring out its own range.

But what has this got to do with tax refunds, I hear you say?…

Well, your tax refund is a lot like wonky fruit – a little bit ugly but full of goodness. And in this case, that goodness is getting your hard earned money back to treat yourself with – holiday, anyone?

It’s ugly because it sounds like it’s going to be a whole load of kerfuffle, with loads of forms and talking to people on the phone and sending stuff off…

well, that’s where we step in.

We take out 99% of the ‘boring’ part of tax refunds, and just leave you with the cheque! You don’t have to mess around taking up your own time with speaking to people and sending off forms!

To start your review, simply click on the big green button at the top of the page!

Our Average Tax Refund For Clients Is Over £206!

We’ve Been Getting Tax Refunds For Ordinary Taxpayers For Over 24 Years.

The Tax Refund Company has been helping ordinary employed taxpayers – like you – check their tax code for mistakes and claim a tax refund since 1994.

With over 2.9 million taxpayers having applied for our tax code review and with a reputation for leaving no stone unturned in our search for overpaid tax, we’ve grown to become the UK’s leading professional tax refund specialists.

The No.1 Tax Refund Company

Our No. 1 position is recognised by employers, Trade Unions and Professional Bodies the length and breadth of Britain, with many recommending our service to their employees and members over the last 24 years.

Not to be confused with other rebate companies offering a “cheap and cheerful” service that looks for the obvious errors whilst ignoring the more complicated and time consuming ones, at The Tax Refund Company we take the view our clients deserve to get back every £ they’re entitled to and it’s our job to help them get it, no matter what it takes.

1 In 3 Clients Get A Tax Refund

Over 1 in 3* clients receive a refund when they let our experts check their tax code. With our cast iron “Largest Refund Guarantee”, we’ll make sure that if you’ve paid too much tax, you’ll get every £ back.

We’ll fight your corner to ensure HMRC give you back every £ you’re due, which is not something you can be certain of when contacting HMRC yourself! Even if you manage to get through to HMRC, you can’t be certain they’ve given you the correct advice. It’s the same if you get a refund – you won’t know it’s the right amount unless you have someone on your side who knows exactly what they’re doing and with your interests at heart.

We know tax is confusing – given the PAYE tax code guide is over 22,000 pages long, it’s not something you’re going to understand any time soon, so we’ve done our best to make it simple, quick and easy for almost anyone to use our service – just complete the application form and answer a few questions and we’ll get started.

We’re On Your Side

We’ll provide you with a totally independent review – remember we’re on your side and you’ll only pay us if we get your money back, otherwise there’s no charge.

Where you get a tax refund, our fees are clear and simple – if you get up to £100 back, we charge £38. If you get over £100, we charge 38p for each £1 we recover. If for any reason your refund is under £38, you won’t need to pay us any more than we got back for you.

We won’t charge you anything on refunds we get back for a current tax year and that is paid directly into your wages – we’ll let you keep the whole amount – so you could get a refund and pay us nothing. You also won’t need to pay us anything for the money you save after we’ve completed your review and corrected your tax code.

Average Tax Refund Of £206.82

Our refunds average £206.82** each, but there are thousands of clients who’ve ended up getting back up to £14,900 and every single one of them started out right where you are now, wondering whether it was worth doing. After all, they were “on PAYE and their employer looked after their tax” so why would they have paid too much!

So if you want the chance to put your money back where it belongs, in your pocket rather than in HMRC’s, it takes just a couple of minutes to get started. It could turn out to be the best investment of time you’ve ever made.

Any Questions

If you’ve got any questions, there’s a good chance you’ll find the answer on our FAQ page, which has the answers to our 30 most commonly asked questions. If you can’t find the answer, give our expert team a call on 0161 968 7345 and we’ll be happy to help. Lines are open Monday to Friday 9 am to 5 pm.

Our Average Tax Refund For Clients Is Over £206!

So, getting a tax refund yourself is the best option right?

If you really know what you’re doing and can actually get through to HMRC regarding your tax refund, of course you can.

But that assumes you’ve got lots of patience, plenty of time, and know exactly which areas of your tax you need to look at in each of the last 4 tax years. You’ll also need to know which allowances you were entitled to claim, where mistakes may have been made by HMRC or an employer, and most importantly, what questions you’re going to need to ask HMRC.

It also assumes you know enough about the Pay As You Earn (PAYE) rules so when you ask HMRC a question, you know the answers they give you are actually right, which may not always be the case! A survey of HMRC’s customer call centres by The Low Income Tax Reform Group found that HMRC consistently made mistakes – in some more complicated cases up to 80% of the answers they gave were wrong!

If you manage to get a tax refund yourself, you’ll need to know enough about tax to check it’s the right amount. If they pay you too much, you can be certain they’ll want it back in the future, even if you’ve spent it! It’s actually more likely they won’t pay you enough, so you might have missed out on a large refund we could have got back for you. Let’s be clear though, if they don’t send you enough, it’s most likely going to be your fault for not asking the right questions, not HMRC’s.

The other thing you need to be aware of (and this is something you never get told by all those people and websites who say you can do this yourself), is that by speaking directly to HMRC and asking them to open your file to check your tax, they might say you owe them money! They may be right, but the amount you owe could be much less than they’re telling you. Over 50% of the underpayment cases we look at are wrong! Unless you know what you’re doing, you’ll have no option but to pay them the amount they demand. They’ll probably just start taking it from your wages so you’ll have no choice.

Using our service, you’ll avoid these risks because we know exactly what we’re doing (as we should do having done this for over 2.9 million taxpayers in the last 22 years) and we’ll only contact HMRC if we think you’re owed a refund.

Our Average Tax Refund For Clients Is Over £206!