1 In 3 People “Owed” Tax Refund
1 In 3 People “Owed” Tax Refund There are 30 million taxpayers in the UK and, according to the latest research by tax refund company Refunds Direct, around 1 in 3 are owed a tax refund. Alarmingly, one of the most common payment mistake areas is income tax, where the average refund is over £800. Why don’t you know about it? Many people believe the Government will refund overpaid tax. Sadly, this is not true and it is an individual’s responsibility to claim their tax back. Income tax overpayment affects a lot of people. Thankfully, unlike the tax system itself,...