Tax Refund Claims

Tax Refund Claims

 A tax refund is a refund of tax which has been overpaid by a taxpayer. There are a number of reasons why tax may have been overpaid. A tax refund is a reimbursement to a taxpayer of any excess amount paid to HMRC or Her Majesty Revenue & Customs. Taxpayers tend to look at a refund as a bonus but it most often represents an interest-free loan that the taxpayer made to the government.

Tax Refund

Claims

 A tax refund is a refund of tax which has been overpaid by a taxpayer. There are a number of reasons why tax may have been overpaid. A tax refund is a reimbursement to a taxpayer of any excess amount paid to HMRC or Her Majesty Revenue & Customs. Taxpayers tend to look at a refund as a bonus but it most often represents an interest-free loan that the taxpayer made to the government.

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Convenient

We make the process easy for you with easy-to-complete forms.

No win no fee

If we are unable to claim, you do not need to pay us.

TAX REFUNDS

Types of Tax Refunds Services of Ingram Toft

We provide professional assistance for tax refund claims and relief . Simply fill out our form and we will handle the rest for you.

Did you pay taxes on your compensation claim payout?

Compensation claim payouts are made up of the compensation and an 8% statutory interest on the compensation (paid in recognition that you were deprived of your money for a period of time). Compensation payouts must be received by claimants in full.


If there was a tax deduction from your successful claim payout, you are entitled to claim for a tax refund. 

If you own a property in the UK, then you are required to pay council tax annually.

Council Tax, introduced in 1993, is tax on domestic property. Each property is assessed based on its property value and assigned to one of eight bands--this assignment called “Valuation Band”. Property owners pay council tax that their valuation band requires annually. There are factors, however, for property owners that can make them eligible for a discount. 


If you’re a property owner, Ingram Toft can assist you in having your council tax payments reviewed by your local council, in determining if your property is in the correct valuation band and if you are eligible for a discount based on your domestic situation. A council tax refund will also cover all periods of your tax overpayment starting from 1993 when the Council Tax started. 

Marriage Allowance Back Payments

If you are married or in a civil partnership and one of you is a basic taxpayer while the other is a non-taxpayer, the basic taxpayer is entitled to a marriage allowance.


A Marriage Allowance is a tax perk that allows the basic taxpayer to transfer £1,250 of their personal allowance (the amount they can earn tax-free each tax year) to their spouse or civil partner who is a non-taxpayer. 


If you fulfill the requirements for receiving marriage allowance and have not been receiving it, Ingram Toft can assist you in filing a claim and backdating your claim by up to four tax years, if needed.

If you have a work-from-home set-up either for all or part of the week, Ingram Toft can assist you in claiming tax relief.

You may be able to claim tax relief for additional household costs such as heating, metered water bills and broadband connection, among others. You are also eligible if you have to work from home due to COVID-19. 


You are not entitled to tax relief, however, if you are working from home voluntarily or claim tax relief for costs that would stay the same if you were working from your office such as rent, mortgage interest or council tax.

Work uniform maintenance

A uniform is not clothing of a similar design or colour that one must wear for work (for example, a bank who wants to promote its corporate image by requiring all counter staff to wear a shirt or blouse in their corporate colours). Taxpayer can claim tax relief if they wash the uniform given to them by their employer, unless their employer provides a laundering service and they choose not to use it and wash their uniform themselves. Taxpayer cannot claim tax relief for everyday clothing, even if they wear it for work.

Did you know you can claim tax relief on pension withdrawals?

If you are a taxpayer withdrawing money from your pension pot, 25% of your withdrawal amount must be tax-free.


Ingram Toft can help you claim tax relief on the money that you have taken out of your pension pot.

Does your work require you to be part of a union? Or do you need professional registration in order to perform your job?

If so, you are most likely paying union or professional fees therefore making you eligible for tax relief.


Ingram Toft provides assistance to workers/professionals in claiming tax rebate for required subscriptions or memberships.

Do you use your own vehicle to do your job?

If you are a taxpayer using your own vehicle (car/van/motorcycle/bicycle) for work, you may be able to claim tax relief on the approved mileage rate. This covers the expense of owning and running your vehicle. 


Ingram Toft can help you claim mileage tax refund for utilizing your vehicle for work purposes.


*The mileage tax refund does not apply to the usage of your own vehicle to travel to and from your work, unless it is a temporary place of work.

Overpaid tax

It is a typical occurrence for taxpayers to have overpaid their taxes for a number of reasons such as:

  • If they were given an incorrect tax code by their employer
  • If they changed jobs during a tax year

Ingram Toft will do the work for you in determining if and where you have overpaid your taxes and in claiming them back from HMRC.

How to Claim Your PPI Tax Refund

PPI (Payment Protection Insurance) refunds are a great way to get back some extra money on a product or service you have paid for. But, you may be wondering, how do I claim my PPI tax refund? We've put together this comprehensive guide to help you understand the process of claiming your PPI tax refund.


1. Understand Your Refund Eligibility


The first step to claiming your PPI tax refund is to understand your eligibility. In general, you may be eligible for a refund if you were mis-sold PPI, However, each situation is different, so it's important to do your research to determine if you are eligible for a refund.


2. Calculate Your Refund Amount


Once you have determined that you are eligible for a refund, the next step is to calculate the amount of your refund.


3. Submit Your Claim


Once you have calculated the amount of your refund, the next step is to submit your claim. This can be done online or through a paper application. Be sure to include all relevant information with your claim, such as proof of purchase, PPI payment history, and tax details.


4. Wait for Your Refund


Once you have submitted your claim, you will need to wait for the refund to be processed. This process can take several weeks, so it is important to be patient. Once the refund has been processed, you will receive your money in the form of a cheque or bank transfer.


5. Track Your Refund


Once you have submitted your claim, you can track its progress by contacting the company that is handling your refund. They will be able to provide you with updates on the status of your claim.


FAQs

Q. What is PPI tax refund?

A. PPI tax refund is a refund of taxes that were paid when PPI compensation was claimed.


Q. How do I calculate my PPI tax refund?

A. To calculate your PPI tax refund, you will need to calculate the total amount of tax deduccted fromyour PPI Refund. This would normally be in your final response letter.



Q. How do I submit a claim for my PPI tax refund?

A. You can submit a claim for your PPI tax refund online or through a paper application. Be sure to include all relevant information with your claim, such as proof of purchase, PPI payment history, and tax details.


Q. How long does it take to receive my PPI tax refund?

A. The process of receiving your PPI tax refund can take several weeks. Once the refund has been processed, you will receive your money in the form of a cheque or bank transfer.


Q. How can I track the progress of my PPI tax refund?

A. You can track the progress of your PPI tax refund by contacting the company that is handling your refund. They will be able to provide you with updates on the status of your claim.

Types of Tax Refunds Services of Ingram Toft

We provide professional assistance for tax refund claims and relief . Simply fill out our form and we will handle the rest for you.

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