subject: Obtain Unbelievable Tax Refunds On Paye Tax [print this page] PAYE tax is a withholding tax charged on income payments to employees. Amounts withheld are treated as advance payments ofincome taxdue. Simply put, PAYE tax is the amount collected by employers, on behalf of the government, from employees as a payment of income tax on the employee's earnings. It is a popular form of tax because it is possible to obtain considerable tax refunds on PAYE.
You are especially eligible for refunds if you have been an employee with a construction firm for over 5 years, and use your own vehicle or public transport to get to work. Also, if you use your own tools and equipment for work purposes, you are entitled to these UK tax refunds. The refund can also be claimed by anyone who has to wear a uniform to work; or anyone who has to incur both expenses (of using tools and uniform). Special definitions in The Income Tax Act (2003) allow regular employees (i.e. those on PAYE) to claim tax deductions against expenses. When applied, this increase the amount of money a construction worker can earn before he/she needs to pay tax.
Are you confused about the exact process to follow in order to earn these refunds? There are many websites online which provide information regarding this. These websites also contain forms which are used for obtaining such tax refunds. The websites guide you on filling the forms, including the technical details. On submitting the form, your application for refund is complete.
These companies have a very high success rate of claiming tax back. Moreover, they can help you claim decent amounts of tax. The majority of construction workers obtain no more than 200 dollars worth of tax refunds from PAYE. However, these websites can help you obtain as much as 2500 dollars worth of refund. In 85 percent of the cases, the applicant has been able to attain over 2000 dollars of refund. Another unique feature of these websites is that they offer a guarantee of a large refund – unlike any accountant, tax analyst or professionals. Usually, the application has to be made before the end of January. However, if you visit these websites, you will be able to apply at almost any time of the year. The rebate will be accrued for the prevailing financial year.
You merely have to create a free account on these websites, and sign in. Before applying, you should gain detailed knowledge of PAYE tax, and how much tax refund you can realistically avail of. All such information is available on the website. There is also a section where you can post your queries to the administrators and moderators, who are tax analysts and experts. Once you have the requisite guidance, you can proceed to provide your name, email address and contact details. A tax expert will then call you within 24 hours. He will discuss all matters related to the application, as well as resolve any doubts that you may have. Then you can fill up the form based on his guidelines. In this way, you can obtain huge amounts of tax refunds.
by: julius mugabe
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