How to Maximise Your Tax Return
We all love getting the most out of our money, so why should it be any different when it comes to claiming tax back? Looking for some easy ways to maximise your tax rebate this year? We’ve got you covered.
As a rule of thumb, if you can’t prove a cost, you can’t claim it. Get into the habit of saving your receipts and filing electronically to make your life easy when tax time rolls around. If you’re looking for more handy guidance, give our blog a read here.
Remember: this key is to always provide proof where you can.
Know what you can claim
Whether you’re paid via CIS or PAYE, you might be surprised at just want you can claim back. From the everyday costs like your tools to the one-off like eye tests, if you need it for work, it’s likely you can claim it. All these little costs can make a big difference, so it’s worth checking. For more information, read our guide to expenses.
Try to avoid rounding up figures and missing out information because you don’t have it. The more precise you are, the more you’ll be able to claim back. Instead of rounding figures up or down, be as accurate as you can be – every number can affect your rebate amount.
Don’t be anoymous
When our experts are working on your claim, they may need to get in touch with you if we need more information. Provide the most up-to-date details in case we need to get in touch with you. Our tax experts are here to help – let them help you claim back as much as possible .
Backdate your rebate
HMRC allows you to claim back tax for up to 4 years, so if you haven’t done so yet, you could be owed £100s. Make sure you’re claiming everything you’re entitiled to and if you haven’t done so, claim back for previous years.
Find out more
Our experts are on hand to help make your tax return process easy as can be. For further questions, information and insight completing your tax pack, get in touch with us on 0800 464 0359 or visit our contact page.