As the new tax year comes to an end within the next few
days, Millions of people across the country are receiving �notification of
coding�. These letters contain details of what tax code you are to be placed on
for the 2011/2012 tax year.
Historically, millions of tax errors occur during this
period and could have easily been avoided by checking to ensure you are on the
correct tax code. A tax code like 747L is issued by the tax office to ensure
that your employers transfer all the benefits of your personal allowance.
Although the above might seem irrelevant but as mentioned
earlier, overlooking something seemingly incongruent as the tax code could cost
you in the long term. An estimated 1 in 3 people are due tax refunds and aren�t
aware of it. There are several ways of finding out if you are due a tax refund.
First you would need to get hold of the P60�s from the
years you think you may have overpaid
tax (within the last 6 years). An online
tax refund calculator would help you ascertain if you could be due a refund
and how much. For your convenience, I have attached this link: www.taxrefundme.com
Once you confirm your gross estimate for the last 6 years,
people tend to apply online through a registered tax agent. They have been
known to help a number of people claim refunds according to their testimonials
on their website. It shows you how much tax back people in the past have
received through using them; the record tax
refund amount known is �5000! I also think the chat service they have is
pretty cool although I haven�t used it myself, it would be a useful tool to
clarify any questions you may have.
As of today, all but one of the registered tax agents
researched have a minimum tax refund
requirement. What that basically means is that they would need your refund
amount to be over say �100, otherwise, the contract you sign with them allows
them take all your money in fees. That seemed a little tight to me because, none
of the tax agents give you a guarantee of what you would receive from the tax
office before your application. Looking at some of the registered tax agent, I
can�t find any without a minimum tax refund amount requirement except us. They
appear to abide by the Association of Tax Agents membership requirement that
says their member agents all use a separate bank account to pay business bills
to the bank account used to receive tax refunds. This does not give
justification for anyone to part with your refund because it�s below a certain
amount!
days, Millions of people across the country are receiving �notification of
coding�. These letters contain details of what tax code you are to be placed on
for the 2011/2012 tax year.
Historically, millions of tax errors occur during this
period and could have easily been avoided by checking to ensure you are on the
correct tax code. A tax code like 747L is issued by the tax office to ensure
that your employers transfer all the benefits of your personal allowance.
Although the above might seem irrelevant but as mentioned
earlier, overlooking something seemingly incongruent as the tax code could cost
you in the long term. An estimated 1 in 3 people are due tax refunds and aren�t
aware of it. There are several ways of finding out if you are due a tax refund.
First you would need to get hold of the P60�s from the
years you think you may have overpaid
tax (within the last 6 years). An online
tax refund calculator would help you ascertain if you could be due a refund
and how much. For your convenience, I have attached this link: www.taxrefundme.com
Once you confirm your gross estimate for the last 6 years,
people tend to apply online through a registered tax agent. They have been
known to help a number of people claim refunds according to their testimonials
on their website. It shows you how much tax back people in the past have
received through using them; the record tax
refund amount known is �5000! I also think the chat service they have is
pretty cool although I haven�t used it myself, it would be a useful tool to
clarify any questions you may have.
As of today, all but one of the registered tax agents
researched have a minimum tax refund
requirement. What that basically means is that they would need your refund
amount to be over say �100, otherwise, the contract you sign with them allows
them take all your money in fees. That seemed a little tight to me because, none
of the tax agents give you a guarantee of what you would receive from the tax
office before your application. Looking at some of the registered tax agent, I
can�t find any without a minimum tax refund amount requirement except us. They
appear to abide by the Association of Tax Agents membership requirement that
says their member agents all use a separate bank account to pay business bills
to the bank account used to receive tax refunds. This does not give
justification for anyone to part with your refund because it�s below a certain
amount!
{ 0 comments... read them below or add one }
Post a Comment