Find out whether you are due a tax refund
THE groups of workers "more likely" to be due UK tax refunds include temporary and contract staff in:
• secretarial/clerical positions
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• light industrial and blue collar positions
• computing, IT positions
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• telesales, customer service
• retail, hospitality, catering
• nursing/medical staff.
"Companies create temporary jobs to staff without making a long-term commitment – a practice that appeals when the economy is uncertain," explains Meredith McAmmond.
"The three largest sectors in temporary and contract recruitment are currently light industrial and blue collar; secretarial and clerical; and computing and IT.
"Temporary and contract recruitment also appears to have also benefited from the public-sector recruitment freeze, with hiring levels for nursing and medical staff etc. by public organisations rising in the first quarter of 2012.
"As a job seeker in today's marketplace, temporary or contract work offers you an alternative to a permanent position, allowing you to advance your career in a flexible way, suited to your personal circumstances. Whatever your reasons for entering into such work, there are many issues to consider, not least your tax position, as many temporary or contract workers find that they pay too much tax during the year through PAYE."
Pay As You Earn (PAYE) spreads your tax and National insurance over the tax year, rather than paying tax in one lump sum. In general, PAYE works when you have the same levels of income year on year and you are in a stable employment that lasts a complete tax year.
Therefore, as a general rule, you will probably be due a UK tax refund in the following circumstances:
• you started a new job and had an emergency tax code for a while
• you were only employed for part of the year;
• you earned less than £8,105 (in 2012/13);
• you're a student who only worked at holiday times and didn't complete form P38S Student Employees;
• you had more than one job at the same time;
• you commenced/ceased working part way through a tax year;
• your circumstances changed – for example you changed from full to part-time working or became self-employed;
• you were made redundant.
The average UK tax refund in 2010/11 was £963! And you can also claim up to four years, retrospectively.
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