Are You Due a Tax Refund? Here Are 10 Reasons You Might Be

Why You are Due a Tax Refund

Are you due a tax refund? Here are ten reasons you might be. Everyone likes to hear some good news now and again, and a tax refund will always be welcome. 

As Employers start to hand out P60 forms to millions of employees, many of which could be due to a uk tax refund. There are several reasons why you may be due a tax refund; in this article, we provide ten reasons you might be due one. 

Here are ten reasons why you could be owed a UK Tax Refund

  1. If you started a new job, your employer might have given you an emergency tax code for a while, or they may have been using the wrong tax code
  2. You may have only worked for part of the tax year
  3. You’re a student and didn’t completely form the P38S Student Employees form to put you on the correct tax code.
  4. You had multiple jobs.
  5. Other income you have that is taxed through your tax code, for example, savings/investment income, has been reduced since you last told HM Revenue & Customs (HMRC) about it – which means the amount of income included in your tax code is too high.
  6. You ceased working and didn’t get any taxable income or benefits for the rest of the tax year.
  7. Your working circumstances changed – e.g. you changed from part-time to full-time working or became self-employed
  8. You were made redundant and didn’t work for a period of time or had to leave the UK due to COVID.
  9. You work in the Construction Industry (CIS Refunds)
  10. You have worked out of UK Seafarers Tax Refunds

As we work on a No Refund No Fee Basis, you’ve got nothing to lose and plenty to gain, so why not apply for a PAYE tax refund online or call us. 

Read More Tax Tips & Guides By Taxback

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What you need when you claim PAYE tax refund online

HMRC tax rebate calculator

Student tax refund

What is a P60 used for?

Photo by Steve Smith on Unsplash

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