Claim All Possible Tax Credits
The UK tax system offers a number of tax credits and allowances that you may be eligible for. These include Working Tax Credit, Child Tax Credit, Married Couple's Allowance, and more. Make sure you check to see if any of these credits apply to you, as they can make a significant difference to your rebate.
Take Advantage of Tax Reliefs
Tax reliefs are a great way to reduce your taxable income and increase your rebate. Depending on your circumstances, you may be able to take advantage of reliefs such as pension contributions, gift aid donations, and the Enterprise Investment Scheme.
Claim Business Expenses
If you're self-employed or have a side business, you can claim a number of business expenses against your taxable income. Common business expenses that can help reduce your tax liability include travel, marketing, and equipment. Make sure you keep all your receipts and records of business expenses, as this will make it easier to claim them.
Keep Accurate Records
Accurate records are essential for claiming all of the deductions and credits to which you are entitled. Make sure to keep all receipts and other documents that demonstrate how you are eligible for the deductions and credits. This will help you to maximise the amount of your tax rebate.
Following these tips can help you maximize your tax rebate and get the most out of your refund. Good luck!
In TaxHelper, we help you find the tax refunds you are entitled to. You just answer simple questions that only take 15 min. to go through.
Afterwards, we report the tax refunds and you get an extra £308 paid out on average. And you only pay if you get a tax refund.
Any employee who is required to wear a uniform for their job and incurs expenses as a result is eligible for the Uniform Tax Rebate.
Explaining the UK Marriage Allowance and How to Claim Your Tax Refund