Band | Taxable income | Tax rate |
Personal allowance | Up to £11,500 | 0% |
Basic rate | £11,501 to £45,000 | 20% |
Higher rate | £45,001 to £150,000 | 40% |
Additional rate | Over £150,000 | 45% |
If you think you paid more taxes that you were supposed to, you can request a refund to the HMRC (Her Majesty's Revenue and Customs).
In the United Kingdom, you can claim your tax refund up to 4 years back fromthe current tax year.
That said, if you applied before 5th April 2018, you would claim your taxes back up to 2013/14 fiscal year. Otherwise, the applications sent after that date will go back up to 2014/15.
In the UK you may have access to many tax allowances depending on your marital status or your occupation. But pay attention because some of them are not automatically deducted: you must apply for them! For example, maintenance payments and business expenditures may be deducted in certain cases. In addition, specific kind of professionals have right to special tax regime. This is the case for seafarers that work on ships for at least one year or for doctors, nurses and teachers. UK tax system allows them to claim for special deduction if they fulfill certain conditions.
The United Kingdom has the longest tax code in the world and could be one of the most complicated if you are not aware of all its shortcuts. Find all you need to know simply contacting who is an expert in this sector: Dendax provided a tax refund to 8,000 taxpayers last year.
You can reach us through our website or you can even try to calculate how much money you can have back. Do not wait any longer, apply with us!