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.
Teacher Fariba spends tax rebate on her son
Fariba Mansouri-Johnson is celebrating her tenth year in teaching and is “proud to say I’m a teacher” – she specialises in primary education, teaching mainly seven to 11 year olds.
She is teaching part-time at the moment having had her first child just a year ago. In fact, the £100 tax rebate she received through Teacher Tax Rebate was spent on her son.
As well as claiming for her General Teaching Council fees and union fees, Fariba also receives extra tax relief through her tax code.
“I heard about Teacher Tax Rebate on Facebook,” explains Fariba. “I saw an advert and clicked on it. I did it while I was pregnant and it was such a simple process. I don’t begrudge paying a small fee because it was so easy. I’ve recommended it to all my friends.”
Fariba came into teaching fairly late – at 26 – having done a whole host of jobs. These included being a journalist for IPC magazines. She also studied and lived in Florence for three years and even had a radio show there. But she missed her family and came home and finally became a teacher.
“I loved school and I loved my teachers. In fact, I’m a testament to my teachers. And I was really naughty at primary school!
“In teaching, every day is different. I love that you have those lightbulb moments when you see kids learning something – like teaching kids to read. And in primary education you get to teach everything.”
Fariba, who lives near Bromley, has her hands pretty full with her son, her job and family life but she also loves amateur dramatics – through which she met husband Paul. “We were in a show together and it was one of those Carry On-style productions. He was a Sid James-type character and I was one of his floozies. When he proposed, he did it in song!”