How To Recover Substantial Amounts In Tax Rebates

By Author: Jacob Zuma.
Total Articles: 5
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Jobs that involve travel such as construction work or professional sports can qualify for PAYE tax refunds. Thousands of pounds can be recovered when dated back to the start of employment. The tax refunds are based on the temporary travel laws.

Jobs that involve travel such as construction work or professional sports can qualify for PAYE tax refunds. Thousands of pounds can be recovered when dated back to the start of employment. The tax refunds are based on the temporary travel laws. These have been revised reflecting new percentage returns for 2011/2012 fiscal year. With these revisions employees are getting up to 45p of their travel tax element.

All employees who work in temporary sites and constantly have to travel are entitled to 45p tax rebates for the first 10,000 miles and 25p for additional miles. This applies not only to the field of managers but also to temporary and permanent employees: this covers ground workers, plant operators, laborers, scaffolders and so on. The criterion is that the worker must have been required to travel to the work site by local commute or by using his own vehicle. Even if ...
... the employer covered transport costs, the employees are still entitled to getting tax rebate.

As a means to ensuring the welfare of employees, the employer can commence an employee tax refund scheme where they can claim their PAYE Tax refunds. Using an agency that can follow up the entitlements, the employer can initiate a scheme for employees for claiming tax refunds. For temporary employees who are not on PAYE, there are still other avenues when dealing directly with the tax agent to get tax rebates. A sizable percentage of PAYE tax refunds can be retrieved depending on how many years the temporary worker has served.

A flat rate is normally charged by the agency for consultation in claiming tax rebates. The amount of tax refunds can go even higher if the employer happens to have receipts showing evidence of travel. This is because the claims now can include sustenance costs. Therefore accommodation, parking fees, evening meals are all considered. Backdating these costs for the past few years is possible on the first instance of CIS tax refunds claim. Tax rebates on travel basis must include visits to more than one site.

Sports persons can claim tax rebates if they use their own vehicle to travel to official sports grounds. The tax rebates include expenses for travel to home and away games, to training grounds, to reserve games, and travel for medical care. Other costs covered are kit and laundry expenses and sustenance while traveling. The CIS tax refunds agency should only collect their fees when tax refunds are affected.

It should be noted that most employees qualify because they have worked for up to 6 years under PAYE. They are also entitled because they have been using public means or a privately owned vehicle. Those who are not under PAYE also qualify for CIS tax refunds because they have been filing tax return forms every year. Tax refund claim is made by gathering all necessary information and filing a PAYE tax return form. This is then submitted to HMRC.

Naturally, supporting documents will be required by the revenue body. These are pay slips for the years claimed an employment contract, service records, and proof of ID and utility bills. The tax refund amount is paid out by cheque or is directly deposited in the bank account. With the help of the tax agent, you can get alternative sources of details for lost documents.
Resource: http://www.riftuk.com/