Tax terminology has a reputation for being complicated, but it’s easy to digest once you speak the language. Start off by using our tax refund jargon buster, designed to remove the stress of your annual tax return.
If you’re the director of a limited company, you could be missing out on vital tax relief. Here we explain some of the different allowances available to you, and how you can take advantage of them to reduce your tax bill.
Does the thought of claiming a tax refund feel similar to slamming a mallet down onto the tenderest part of your thumb? It really doesn’t have to be that way, especially if you’re contracting in the UK’s construction sector.
We’re pleased to announce that the winner of our ‘Double your tax refund’ competition is Stephen Norton Pearce of Wiltshire. Congratulations, Stephen!
The Cheshire East Council is warning residents not to fall prey to a new email phishing scam. Several residents have reported receiving an email from REFUND@direct.gov.uk, claiming that they are eligible for a council tax refund. The email requests bank, credit card and password details, and is worded in such a way that it implies […]
HMRC has released the figures for their reviews of – and appeals against – tax decisions from 1 April 2013 to 31 March 2014. These findings support the assertion that when it comes to challenging HMRC, the odds are stacked against you.
HMRC is not particularly popular at the moment, having undercharged an estimated 3.5 million Britons in Pay As You Earn (PAYE) taxes last year. Now, the notorious PAYE debacle of 2013 has finally caught up to them, and it’s only a matter of time before HMRC takes back the tax they’re still owed.
By submitting a claim between now and the end of June 2014, one lucky 1st Contact Tax Refunds client will win double their tax refund. Good luck!
There are a number of online scams doing the rounds at the moment, including some that claim to be from the Home Office itself. Here are seven rules to follow to protect yourself from online scams.
If you are holding money in offshore accounts, it’s essential that you fully declare these accounts to HMRC to avoid crippling fines and possible prison time.
If you’re yet to claim back your overpaid tax, you could be due a substantial amount of money. There are two ways to claim a tax refund: you can do it yourself through HMRC, or you can enlist the help of a reputable tax refund agency.
The new tax year is underway, so it’s the perfect time to claim back the tax you’re owed. From now until the end of June, 1st Contact Tax Refunds will be running a fantastic promo to reward one lucky client with double their tax refund.
Millions of Pounds of tax go unclaimed in the UK every year, mostly due to people misunderstanding the tax refund process. Here are the five most common reasons why people, year on year, fail to claim their tax back.
It’s a new tax year, so it’s time to start claiming back your overpaid tax. We’ve put together a neat infographic to show you two expats’ journeys to claiming a tax refund – one with an agency, the other on his own.
In his recent Budget Speech, George Osborne had some good news for UK residents: the Income Tax Personal Allowance will rise to £10,000 on 6 April 2014, and to £10,500 on April 6 2015.
When you apply for a tax refund, you’ll need certain forms in order for everything to run smoothly. These UK tax forms are usually given to you by your employer or sent to HMRC , depending on your circumstances. Here you’ll find a quick guide to forms P45, P60 and P11D.
HMRC has again issued a warning to UK residents to beware of phishing emails pretending to be from HMRC. By responding to this type of email, you risk opening your bank account to fraudsters and organised criminal gangs.
The 2014 Budget Speech took place just a few hours ago, and with it came a string of forecasts for the year ahead. Our Accounting team have unpacked the contents of Chancellor Osborne’s red briefcase to see how today’s speech affects you.
Inland Revenue holds over three million Pounds in unclaimed tax every year, most of it meant for people who assume they aren’t eligible for a tax refund. If you can answer yes to any of the questions below, there’s a good chance you’re due a tax refund.
The Tax Credits Order 2014 is draft legislation currently up for review in parliament. In a nutshell, it’s an amendment concerning when HMRC should accept a late tax submission appeal as being on time.