Tips for Getting an Online Tax Rebate for Freelancers

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Do you want to know how to get an online tax rebate? Are you looking for a free tax refund?

Find out the steps here to see if you are eligible for a return refund….

To claim a tax refund, or tax rebate the first thing to do is to fully prepare your presentation of the tax return to HMRC that you will make online, doing a self-assessment of the calculation of tax payments owed to you.

What are the advantages of using this online tax return service to claim a tax refund? Here are some:

– The tax return is affordable, the services charges for security and reliability in supporting you with the tax and they do not take a percentage of your tax refund.

– Avoid a fine for late filing of taxes and thus save approximately £3,000.

– Avoid discomfort and anguish about these tax returns.

– Get a step by step guide on what you should do and take action before it’s too late.

The income tax in London is deducted from your salary is weekly or monthly, to this system they call it PAYE, ie Pay As You Earn. The company deducts it from your salary and sends it to the Tax Office, or HM Revenue and Customs (HMRC).

If you are self employed, a freelancer or contractor you could be eligible for a tax refund if you are also employed at the same time. 

This is because all workers in the UK are entitled to an exempt minimum. Currently the first 11,500 pounds are tax free but from there and up to 33,500 pounds you pay 20% and from there up to 150,000 pounds you pay 40%. And he who earns less than 11,500 pounds obviously does not pay. Therefore there are three branches in what refers to the payment of taxes. In the United Kingdom there is no obligation to pay taxes unless you work in London and you see that you have the possibility of repaying that tax.

If you work on your own, that is, if you are an independent worker, if you are required to make your income tax return each year.

To make a claim and return taxes if you are out of work and are working in London and have not reached the exempt limit you have to fill out the following form: Income tax: tax claim (R38).

There are people who end up paying too much income tax but can also file a claim for refund or refund, doing the following: Go to the nearest Inland Revenue Inquiry Center and explain with real information you want to ask for the tax refund and why you think you are overpaying.

You must fill out a form stating the necessary precautions and it is probable that they already have in your system what is necessary to verify your claim and formalize the return.

On the other hand if you are working in London and you pay taxes in London you are likely to be able to deduct some amounts on your tax return; For example when having children you can deduct an amount in your statement for each child and these are the approximate lines, for the first child 20.30 pounds a week and 13.40 pounds for each of the other children.

The tax situation of the self-employed is different for each individual so ensure that you get expert help before filing for your tax refund online.

Let’s Talk Tax

Questions? Need tax services and personal advice? For a free consultation call us on 0330 321 1136, or visit TaxTwerk.com today.

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