FACT 1 – Although this might come as a shock, it’s your personal responsibility to make sure you have been given the right tax code. It is not your employers and definitely not HMRC’s (HM Revenue & Customs). However, most taxpayers with a job assume their employer checks their tax code and automatically takes the right amount of tax off their wages.
FACT 2 - Your employer must use the tax code they are sent by HMRC to work out how much tax to take off your wages. If your code is wrong, you will pay the wrong amount of tax. Unless you’ve been asked to fill out HMRC’s 40+-page Tax Return every year for the last 4 years, you could easily be one of the estimated 7 million taxpayers who have paid too much tax in the last few years and you might be paying too much this year too!
FACT 3 – The lower your income, the more likely you are to be owed a refund. It’s a common myth that tax refunds are just for the highly paid. In reality, those who earn under £50,000pa. are most likely to have paid too much. If you have paid too much, you have effectively been underpaid, but it wasn’t your employers fault.
FACT 4 - If you have paid too much tax, you have 4 years to claim it back. The challenge comes in knowing you’ve paid too much and being able to find the errors that meant you paid too much tax in the first place! For most taxpayers, tax is a complete minefield and they stand little chance of ever finding these errors, let alone being able to get HMRC to correct them.
That’s where The Tax Refund Company comes in. As the UK’s leading experts in checking PAYE tax codes and recommended by employers, professional bodies and trade unions throughout the UK, their confidential and comprehensive tax review will detect any errors from the current and past 4 years, no matter how small, and take the appropriate steps with HMRC to correct them.
Designed to ensure that checking your tax code won’t leave you out of pocket, you only pay a fee if, and when, you receive a tax refund. As a guide, refunds typically average around £200. Taxpayers using their service have received refunds totalling over £125million since the service was first offered 28 years ago.
In return for having your tax codes carefully checked by their team of crack tax code experts, you have to agree that if they help you get any money back, you will pay them 38p from every £1 you get back, subject to a minimum fee of £38. To be completely clear, you won’t have to pay them anything unless you get money back from HMRC. The alternative - if you decide not to check your tax code HMRC will keep any money they owe you.
The sooner you start your review, the sooner you get your money back, so don’t delay, click here TODAY.
If there’s anything you still want to know, check out their Frequently Asked Questions or call their friendly and helpful Client Service Team on 0161 968 7345.
