Over £300,000,000 goes unclaimed each year in overpaid taxes.
Check to make sure that you have not paid more tax than you should have
Reasons you may have overpaid tax:
Why do so many people over pay tax? There are a number of reasons which could include:
If your employer places you on the wrong tax code
If you leave the UK or if you are not from the UK originally
If you earn below the tax free allowance
If you are a student you may be due a tax rebate
If you have stopped working you may have overpaid tax.
Steps To Claiming Your Tax Rebate
It can be a long and complicated procedure to claim your tax rebate, but don’t let that stop you, it can also be worthwhile. Imagine how you would feel if a cheque for over 1,000 pounds landed on your door mat.
Find your P45/P60’s
Complete a P85 if you are leaving the UK
Complete a P91 form – Employment history
Send all this and a cover letter to your local tax office.