PAYE workers will mostly get a raw deal when it comes to claiming their tax rebates and PAYE tax refunds.
PAYE workers will mostly get a raw deal when it comes to claiming their tax rebates and PAYE tax refunds. There are workers who the system takes care of but there are those who will have to take the step of making their own claim before which they have to know if they meet the criteria. To qualify for tax refunds, you should meet a couple of requirements.
You can claim PAYE tax refunds if you are a PAYE worker no matter what kind of job title you hold. You could be a construction worker, brick layer yard man, plumber or even electrician and have a case which you think needs a PAYE or CIS tax refunds. If you are under the PAYE tax code you can know what you are entitled to in refunds.
This is averaged from $600 to $800 in a year. However, it is possible for the first PAYE Tax refunds claim to go up to $3000. One has nothing o lost since the organization in charge of helping you get back your tax refunds operates on a policy that allows you not to pay if you have not been refunded.
Professional sports people are also entitled to CIS tax refunds. One can easily claim for travel expenses if they use their own travel means to travel to either far matches or the training ground. This could go up to hundreds of pounds but could be even more for those professional sports people on loan.
Generally, you can be helped claim for the following: travel to training grounds, travel to reserve games, travel to home matches, and travel to away games, travel for medical treatment, subsistence while traveling and for kit and laundry costs. If this is the case for you then you could be in a position to start claiming PAYE tax refunds.
Statistics show that in the UK, one in every three people is entitled to tax rebates. This came to be known in the year 2008 after being discovered that HM revenue and customs had made numerous errors with regard to tax codes.
Approximately, 5.8 million people in the UK have being paying more tax than they should. If this is added to the 10 million people who qualify for tax rebates, revenue amounting to up to three million pounds could be due for pay. In addition to this, there are 18.2 million cases they have been dealing with.
Therefore, when 18.2 million cases are added to 10 million and 5.8 million, tax refunds could be owed to 24 million people. The saddest thing is that the same people who owe you money have rules and regulations that will make it a daunting task for people to get their tax rebates back.
RIFT handles PAYE tax refunds and will give you a tax park form which you fill and send to them. Alternatively you can download forms and contact the Inland Revenue or tax agent with them. From here you do calculations to know the tax refunds owed.
You, therefore, have a right to claim your CIS tax refunds since this is the money that you worked for. People who have been paying additional tax are entitled to tax rebates that are higher than what the HMRC are informing the general public.
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