Everything you need to know about tax refunds
4 mins
We at DSR Tax Refunds are experts in getting our clients their maximum tax rebate fast. However, just because we know all there is to know about tax refunds, we appreciate that you probably don’t. Even though HMRC want you to claim back any tax you may have overpaid, like all things related to the government, they don’t always make it easy to understand what you need to do – and that’s where we come in. This handy guide should tell you everything you need to know about tax refund – but if you get to the bottom and you still have a question we haven’t answered then call our friendly team on 0330 122 9972 and let us help you out.
Can you claim a tax refund?
If you have incurred any out-of-pocket expenses during the last four years you have been working then you could be eligible for a rebate. These out-of-pocket expenses might relate to travelling to a temporary workplace, or having to fork out for your own safety equipment or basically, any expense you have incurred as a result of doing your job. If any of these apply then you could be eligible to claim those expenses back – call our expert team on 0330 122 9972 to get the ball rolling.
How much could that refund be worth?
It obviously depends on what your expenses are and how long you have left them unclaimed, because you can backdate your claim for up to four years. A typical claim could be up to £800 per tax year, maybe even a whopping £2,500 if we can backdate your claim for the maximum four years. And if you are a construction worker who works under the CIS scheme, then the average annual refund is around £2,000. That is a lot of cash that could be going back where it rightfully belongs! Check out our handy refund calculator or give our team a call on 0330 122 9972 and let’s get that money back to you.
How do DSR Tax Refunds calculate the refund?
If you check out our handy calculator, that will give you an idea of how much you could be entitled to. But actual refunds are often higher than that because our expert team go in to far more detail when making the actual calculation than we could ever do on the website – that’s because everyone’s personal circumstances are different. Our experts can go through your day-to-day working expenses and see just where you are paying far too much.
We will ask you to sign a letter of authorisation, which authorises us to prepare your tax return on your behalf, as well as deal with HMRC on your behalf – including dealing with any pesky enquiries that HMRC may decide to raise against you. As a client of DSR Tax Refunds, you won’t need to concern yourself about those because we will deal with HMRC for you.
Once we have all of the information we need as well as your signed authorisation, we will calculate your refund and once you have approved our calculations, that rebate is as good as yours and should be back in your bank account where it belongs within 21 days from the date we submit your claim to HMRC.
What information will we need from you
To get you your maximum refund as fast as we possibly can, we will need some information from you. This is a list of the kind of information that we will need:
- Wage slips or income statements (essential);
- Proof of ID (essential)
- Armed Forces Assignment Orders, if applicable (essential)
- P60 certificate (desirable)
- Any P45s (desirable)
- MOT certificates (desirable)
- Receipts for expenses (desirable)
- Employment contracts (desirable).
Now obviously, if it states it is essential then we really do need this information but don’t worry if you don’t have all of the rest of it – give our friendly and helpful team a call on 0330 122 9972 and we will see what we can do to help. Sometimes we can help you get copies of that information.
What you need to do with this information
Our expert team will tell you exactly what they need you to do with all of this information – we aim to make the process as easy as possible for you. If we ask you to send it to us then please make sure that you put your name, address and DSR Tax Refunds reference number on every piece of information so that we know that it has come from you.
Obviously, the quicker we have your information, the quicker we can get your refund to you so we would really appreciate you getting it to us as soon as you can. We know that it can be a real hassle after a hard day at work though so let us know if we can help in any way – maybe by getting in touch with your employer on your behalf. Remember, we are here to help you so call us on 0330 122 9972.
And then what happens?
Our expert team calculate your refund, send it to you and if you are happy with that, we submit it to HMRC. You should then get your money straight into your account within 21 days. It’s as simple as that! Give us a call today and let’s get that cash back where it belongs.
And don’t forget that you can claim year after year. Once you are a DSR Tax Claim client, we will remind you when it’s time to claim again so you need never be out of pocket on your expenses again!