Tax Rebate Blog

Welcome to our blog, we’ll try out best to keep you updated on the latest developments in the tax industry as well as pointing out some useful and interesting points around claiming you tax back.

Top 10 Tax Credit Renewal Excuses Revealed

Top 10 Tax Credit Renewal Excuses Revealed

Yesterday, HMRC revealed a best off compilation of excuses (some quite hilarious) used by tax credits claimants. This is a fun way to remind anyone wishing to renew their tax credits that they have until July 31 to do so, otherwise they could face losing their entitlement.

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Wear & Tear Tax Allowance For Furnished Lettings

Wear & Tear Tax Allowance For Furnished Lettings

Most landlords would already be aware of the ‘Wear & tear allowance’ for furnished lettings, but many are still confused about what it covers. According to HMRC, it refers to “the provision by the owner of plant or machinery, including furniture, for use in a residential property”. Because these items do not qualify for capital allowance, a deduction may be available for a wear and tear allowance.

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Tidy Up Your Tax Affairs When Leaving The UK

Tidy Up Your Tax Affairs When Leaving The UK

Emigrating is a truly life-changing event, with so many important things to plan ahead. Most people who are serious about emigrating will carefully prepare their new life ‘down under’ in order to muster any chance of success. So you’ve sorted out your visa and a place to stay? Good. And you secured that new job too? Excellent. Packing & moving arrangements all done? Splendid!

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HMRC Are Closing In On Undeclared Income

HMRC Are Closing In On Undeclared Income

You may have spotted this poster or heard the radio campaign orchestrated from HMRC in an effort to reduce tax fraud. Their catchphrase ‘We’re closing in on undeclared income’ is no idle threat.

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Top 10 Oddest Excuses For Sending In A Late Tax Return

Top 10 Oddest Excuses For Sending In A Late Tax Return

It’s that time of the year again, the deadline for submitting a tax return for the 2013 tax year was 31st January 2014. If you were requested to send in a return and didn’t do it by the deadline, you will incur an automatic £100 fine – dura lex, sed lex (‘the law is harsh but it’s the law’ is the coined adage from the Romans).

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Understanding Tax Codes

Understanding Tax Codes

Tax codes are a bit of a mystery for most people. Yet, understanding what they are and how they are worked out could help you realise if you paid the right amount of income tax… or not! 1 in 3 people have overpaid their income tax and a whopping £322million on average is overpaid every year!

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Claim Your Tax Refund From HMRC

Claim Your Tax Refund From HMRC

A tax refund from HM Revenue and Customs can be very difficult to obtain, without knowing all the rules, regulations and small print you might miss out on all or some of the tax you’re owed.

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How To Select A Reputable Tax Agent

How To Select A Reputable Tax Agent

According to HMRC’s own statistics, 1 in 3 taxpayers overpays tax, with an estimated £322 million remaining unclaimed every year. Yet, few people bother to check if they overpaid tax in the first place, and the majority of taxpayers do not seek the expert help of a tax agent to claim their money back.

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