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.
Primary school Teacher Kerry treats herself with tax rebate payment
Primary school teacher Kerry Grosvenor recently became a mum for the first time, which meant the income tax rebate she secured through Teacher Tax Rebate came in very handy.
Not only did she receive a refund for her union fees, she also found she was richer by an extra £20 per month after her tax code was adjusted.
“It was brilliant,” said Kerry. “I had no idea I could claim for my union fees until I saw the Teacher Tax Rebate advert on Facebook and I just applied. I had thought my tax code was up to date. ”
“I spent the money on baby stuff and a little treat for myself. It came in so handy. I’m very happy!”
Kerry told her colleagues about Teacher Tax Rebate and they have successfully made claims, with one PE teacher also receiving a tax refund for sports equipment.
Kerry, currently on maternity leave, has taken her baby, Jack, into school in Harborne, Birmingham, so her pupils could see him.
“The kids made such a fuss of him that I felt like a famous person, it was fantastic,” said the proud mum.
Kerry has been teaching for seven years: “I always wanted to be a teacher,” she said. “When I was at university I specialised in art. Then I became a teaching co-ordinator, then an ICT co-ordinator – computers are amazing for every subject now, including art. I love drawing for the kids in class. ”
“I do a lot of art around the house too, especially plaques. I love pop art and bright colours and cartoon characters. If I wasn’t a teacher I think I’d be a children’s book illustrator!”