10 reasons you may be due a tax refund…
Kettering based Tax Accountant, Simon Laskey, outlines ten common scenarios where a tax refund may be due:
• Leaving employment part way through the tax year. The PAYE system will have calculated your monthly tax assuming you would be there all year.
• If you are a higher rate taxpayer and make personal pension contributions.
• If you are a higher rate taxpayer and have made gift aid payments.
• Where you employer reimburses less than 45p per mile for business mileage.
• If you have had more than one employment in a tax year. The PAYE system may not have kept up.
• Starting to receive personal pension income for the first time.
• If you are making payments on account in January and July but something has changed this year.
• If you are paying professional subscriptions then tax relief may be due.
• You may have had a tax demand in the post but it could be incorrect.
• Have you claimed the 130% allowance on capital purchases if you are self employed?
Simon offers a free initial consultation so if you think that you might be due a tax refund it is easy to find out more!
Check out all his details here.
