Each tax year will be recalculated if you enter a claim. This often identifies other overpayments due to incorrect tax codes, multiple employments, ceasing of job, etc. In these cases we can identify a much larger tax rebate. We regularly identify rebates of over £1,000 for customers who were originally estimated a lower amount.
If you claim now you will receive tax relief for the current tax year and future years that allowances continue to apply, paid through your monthly pay, no charge will be made on future tax relief or refunds.
You don't need to make any upfront payment to us in order for us to check if you are due a rebate.
We will ensure that your current year reliefs are correct and that your future year allowances are adjusted in line with the current year to ensure you are no longer being overtaxed. There will be no charge calculated for amending your current tax code and you will receive any tax refunds due in the current year and in future years directly.
If you are due a refund in the 4 previous tax years we will receive that refund from HMRC on your behalf and deduct charges in accordance with those quoted on the website prior to making a payment to you.
Standard deduction is 30% + £30, plus VAT, where due on any refund payment HMRC send us before passing payment on to you. Charges are limited to the previous 4 tax years we check and we will not make any deduction on future tax refunds.
If no refund is due the service is FREE to use. If a refund is due standard pricing is 30% + £30, plus VAT, where due on any refund payment HMRC send us before passing payment on to you. The charge is levied on all refunds received from HMRC covered by the claim period (4 previous years) regardless of reason. When entering a claim you agree to legally and unconditionally assign the rights to any refund for the previous 4 years to OTR, when payment is made to us we will forward the residual balance to you net of our agreed fees. On receipt of the form HMRC will manually reconcile (calculate) your tax liability for each year of your claim. If unreconciled differences are present on your taxpayer record for any year these differences may positively or negatively effect your tax liability on top of the effect of any allowances or expenses claimed for. HMRC perform a more basic automatic reconciliation on taxpayer records from April to November in the tax year following the end of each tax year. By submitting your claim you forgo the rights to any benefits that may have been accrued as a result of HMRC performing an automatic reconciliation, from the date your form is received by HMRC.
Husband and wife teachers both get rebates. So could you.
It was like a small Lottery win!” said economics teacher Peter Ford after he and English teacher wife Suzanne received around £300 from Her Majesty’s Revenue & Customs through Teacher Tax Rebate.
The couple, from the West Midlands, used the cash for a much-needed family holiday on the South coast.
Peter said: “We got the money just after Christmas – which was good timing as we were thinking about holidays and finances.”
Suzanne added: “That time of year can always be a bit difficult. It paid for our holiday. We really needed a break – we went down to Lyme Regis in Dorset with our son.”
The couple, who met through teaching, started in the profession in contrasting ways.
Peter was working in the finance industry. He recalled: “I found I got very little job satisfaction and I wanted to do something more rewarding. I wrote to a local secondary school who offered me a year’s training and that was the start.”
For Suzanne, it was a vocational calling from the start. She said: “I was working as a teaching assistant at the school I now teach at – and the school I went to as a pupil. I thought if I love it this much why don’t I do my PGCE?”
She teaches English at secondary school to key stage 3 and 4 pupils.
Peter, who looks after business studies as well as teaching economics at Streetly Academy, mainly teaches 14 to 18-year-olds.
The couple heard about Teacher Tax Rebate through fellow teachers. Peter noticed a colleague put details on Facebook while Suzanne got an email from a colleague.
“I’m not a form filler but this was really straightforward,” said Suzanne, who claimed a tax rebate for her union membership fees. “It was quick and easy and certainly helped our family holiday. We’ve told colleagues and they are most grateful!”
Peter, who also claimed for his union membership fees, added: “We told them about claiming and they were really pleased to know how easy the Teacher Tax Rebate process was. All of them have received rebates – not huge sums but enough to get a nice treat”
Peter and Suzanne are also receiving an extra £30 to £50 a year through their amended tax codes.
“It certainly helps,” said Suzanne.