Friday, 17 August 2007

Claim your Tax Refund.......They won't remind you !

In my ever searching quest to reclaim money that i am entitled to and in the meantime tighten my belt i was told recently about my tax payments. A friend of mine recently reclaimed tax he had paid in the 2002/2003 period. I asked him how and i was amazed at the simplicity of it all.

Here's how........

Everyone who pays tax gets a P60 at the end of the financial tax year outlining their income and tax paid for that year. I for some reason seem to have every P60 since i started work ( sad i know ) and thus began my search.

I came across the following website of which i have no connection with but find it a very useful tool to use, CLICK HERE. On the left hand side you will see three boxes for you to enter the details directly from your P60. When you click the calculate button, making sure it's the correct year you will be informed as to whether you are entitled to a refund. Here's the bit you need to be careful with though, it will then ask you to fill in your details as they will claim on your behalf but they don't do it for nothing, they take a cut of your repayment so do the following.

How do i claim it back then ?

Easy, simply print off the details and ring the following phone number 08459 000 444 this number is to the Inland Revenue and they will be able to confirm if the refund details are correct. Ask them for your Tax Office where you can send them a brief letter explaining you are reclaiming a refund and also enclose your original P60, you will get this back.

I am currently claiming £1250.50 for 2003/04 and £369.53 for 2006/07 as i was on the wrong codes. I have contacted the Tax Office and they confirm that the figures are correct and i should be receiving a repayment soon.

If you have success then please feel free to post a comment.

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