Free, quick and easy way to get your tax refund

Getting Started — By Zuzanna on October 27, 2009 at 8:53 am

‘But in this world nothing is certain but death and taxes. ‘

- Benjamin Franklin

In the UK an employee pays income tax through PAYE, which stands for Pay As You Earn, and the tax rate is based on the amount of your income. When you start working in UK for the first time, your employer needs to put you on an emergency code until HMRC (Her Majesty’s Revenue and Customs) can estimate and provide you with the correct tax rate for you. Normally it happens at the end of the financial year, so if you started working in the middle of the year you might have been paying a high tax rate. The good news is that you can easily claim your overpaid tax back.

Preparation plan:

- get your P60 handy

Action:

- dial HMRC on 08453021432

Post-action cool out:

- sit back comfortably;

- close your eyes;

- think about how you’re going to spend an unexpected few-hundred-pound bonus!