A large number of workers in the UK are entitled to tax refunds in one way or the other. However, most of these workers are not aware of this fact. On the other hand, those who are aware of it do not know how to claim their tax refunds.
A large number of workers in the UK are entitled to tax refunds in one way or the other. However, most of these workers are not aware of this fact. On the other hand, those who are aware of it do not know how to claim their tax refunds. It is estimated that 30% of all people who work and use PAYE do know how to claim their PAYE tax refunds.
Most construction workers and some self-employed tradesmen, who are under the Construction Industry Scheme (CIS), find it very tasking to claim CIS tax refunds. Fortunately for these workers and many other employees, there are several tax refund agencies that can assist them. Most of these agencies that deal with tax refunds have websites where people can access their services. A good example is the riftuk.com.
Apart from getting assistance on claiming PAYE tax refunds, workers can access a host of other tax services. For example, construction workers can claim travel expenses from HMRC through an online tax filing agency. Workers from any other profession can file online tax returns through the web portals of tax agencies. These agencies employ some of the best accounting brains in the country and you can be assured of getting your exact tax refunds.
If you have been paying all your taxes as you earn your wage, chances are that the HMRC owes you some tidy sum as PAYE tax refunds. This is due to the fact that the PAYE system usually treats any excess amount as advanced income tax payments. An average worker may be owed between £700 and £1,200 in tax refunds in one year.
The PAYE system is automated. It only relies on the information that is fed to it. This explains the discrepancies that occur as far as income tax is concerned. If you look closely, you will find that, you may have overpaid your tax substantially. You should claim back this amount. Workers can also claim travel expenses if they have had to travel within or outside the country in the course of their duties.
If you would like to claim your UK tax refunds from the HMRC, you could easily do it online. Given that the average tax refunds are between 600 to 800 pounds per year, any effort spent on this venture is worth it. So, how do you go about claiming your tax refunds? Firstly, you need to find a good agency that deals with online tax returns. Such an agency should be in a position to assist you to file online tax returns. You will claim your money while filing the returns.
Once you have located a suitable agency that deals with tax refunds, call them through available phone number. The tax agency will most probably give you an information booklet where you are required to fill all your details. The agency will then follow up on your tax refunds depending on the information that you have provided. Construction workers should claim travel expenses during this process. It is estimated that many workers in the UK construction industry are owed £1,200 on average as travel mileage by the Revenue. If you are one of them you can claim the money as you file online tax returns through a tax agency.
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emmily johnson is the author of this article on online tax returns. Find more information, about CIS tax refunds here
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