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.
Assistant headteacher gets £200, so could you
Assistant headteacher Soraya Bibi has her own unofficial uniform for school – she wears fashion label Mango at work in a primary school in Birmingham. But she loves Karen Millen for party frocks and that’s what she bought with the help of her cheque from Teacher Tax Rebate.
“I’d got almost £200 so I went to Selfridges and treated myself to a beautiful Karen Millen dress to wear to my husband Rob’s grandmother’s 90th birthday party,” she says.
“I adore shopping. I love buying dresses and shoes. My other favourite labels are Ted Baker and Lipsy. Rob, who also got a tax rebate, told me about the website and I went on. It was easy and I got a response within six weeks."
“I was pleasantly surprised. But unless someone tells you about it you don’t know you can claim."
“Rob and I treat ourselves to a meal at a good restaurant once a month when our salary goes in so it’s nice to have a lovely outfit to wear.”
Petite Soraya, who confesses to having 42 pairs of shoes, finds the occasional treat takes off some of the stresses of work.
“It’s been a really stressful year,” she says. “The emphasis has turned to data rather than teaching. It’s all about figures. I love being in the classroom with the children but all these pressures are dampening teachers’ spirits.”
Soraya, who specialises in literacy and numeracy and is a history buff, has been in teaching for 16 years but her first career was in broadcasting – she was breakfast presenter for the Asian radio station Sunrise Radio in Yorkshire where she studied. She then worked in a bank until a friend pointed out the lack of Asian and black teachers and suggested she try teaching. She went on to get her teaching certificate at Wolverhampton.
“I’d never intended to do teaching. I was persuaded that it was a good career to go into and it has been. I can honestly say there’s never been a dull moment,” she says.