Knowing When To Claim A Tax Rebate
Knowing When To Claim A Tax Rebate
The truth of the matter is that there are so many people who deserve a tax rebate but who never take any steps to claim them. At the same time, there are many people who are very eager to claim the refund even when they know that there are indeed very few chances of them accessing the same. In this article, we are going to look at some times when you should be claiming a rebate.
When You Are Leaving The United Kingdom
The first case that should allow you to claim a refund is when you are leaving the United Kingdom. Although there is actually nothing special about those people who are leaving the UK, the fact is that such people usually do so within the financial year, hence they are not able to make full use of their personal tax-free allowance. You will realize that the personal allowance is meant for the whole year, but it usually happens that the annual personal allowance is divide by twelve, so that you as the taxpayer can base your monthly payments on the monthly salary. However, if it happens that you fail to work for the whole year, you will not be allowed to use the full personal allowance, and hence you should be able to claim the same.
Operating Under A Wrong Tax Code
The second reason why you might find yourself in a situation whereby you are allowed to make use of a tax rebate is when you have been operating under a tax code that is actually not yours. In determining how your remissions to the government are to be calculated, the government will allocate you some tax codes that you should use. Sometimes, you may get codes that are not supposed to be yours, and therefore be forced to pay more than you should actually pay. The moment you realize that the code that you have received is not yours, contact the agency and inform them about it. You can the fill a tax rebate application so that you can get your money back.
Working Part Of The Year
The other reason why you might sometimes find yourself in a situation whereby you are allowed to apply for a rebate is that you only managed to work during part of the year. This might happen because you were declared redundant when the year was not yet over or you joined the working bracket within the year. If this is the case with you, you are also allowed to apply for your refund.
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