Is tax rebate or tax refund applicable to me?
When an individual overpays his / her tax the money that HMRC repays to them is called as tax rebate or tax refund. Sometimes the HM Revenue & Customs automatically repays your overpaid tax when there is recalculation of tax, but most of the times tax rebate or tax refund is to be applied by an individual. Some of the circumstances where you can be due to tax rebate are:
- When you start a new venture
- Use your personal mean for travel
- Too much salary is deducted by your employer
- If you are employed under CIS
- You wash your own uniform for work
- Railways season tickets.
- Mileage cost
- In some cases, food.
- Professional subscription payments.
- There are many other situations on which a tax rebate is applicable.