Tax refund investigation for private individuals
If you are in employment but somehow you can not resist the impression, that your income tax deduction is disproportionately high. Call us. Our Accountants will check that for you. You might be entitled to refund.
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Under UK tax regime, HM Revenue and Customs uses the taxation system called PAYE (Pay as You Earn) to collect income tax and National Insurance Contributions (NIC) from employees’ wages. The PAYE determines the pattern how the employers deducts income tax and NIC from employees’ wages and transfer it to HMRC.
Hence, if you are an employee and provided no additional income is earned, you do not need to file tax return at all.
However, there are circumstances under which you can be entitled to refund of overpaid tax, as follows.
- You started new job and was on emergency tax code (month 1, week1) for some time
- Your employer wrongly calculated and deducted the income tax from your wages
- Your employment lasted only portion of the tax year
- You were employed by more than one employer at the same time in the tax year
- Additional income (e.g. investment income, property income) factored in your tax code is lower than when you originally informed HMRC
- You ceased to work part way through the tax year and remained unemployed for the rest of the tax year. Also, you had no other taxable income & benefits for the rest of the tax year
- Your personal circumstances changed resulting in working pattern reduction or you registered as self-employed
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