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You are here: Home / Health / A helping hand with an emergency tax refund

November 21, 2012 By tony

A helping hand with an emergency tax refund

Every employee has a tax code so their employer knows how much tax to deduct each month. In some situations a staff member is allocated an emergency tax code when they start a new role. A self employed person going back to work for someone else for example. It’s vitally important to get this sorted as soon as possible because in this situation people will find themselves paying far more tax than usual. On an emergency code people don’t benefit from any kind of personal allowance, so they end up paying tax on every pound that they earn.

Being taxed like this is a concern and anyone who finds themselves in this situation wants to know how they can get that money back. It’s a situation that needs to be sorted quickly, so they can claim the over payment back from HMRC and get their financial affairs in order.

An emergency tax refund can take a number of forms. It just depends on the situation. Sometimes HMRC will refund the money promptly. However, for anyone who has actually started their new job, it’s more common that they would ask the employer to pay the money back. Sounds simple enough, but the reality of claiming back money is usually very different.

Some people might feel confident enough to find their way around the system and fill out all the necessary paperwork. For everyone else there are specialist tax agents. These organisations know the system inside out. They’ll deal with claims for refunds on behalf of their clients and get that money back fast.

Working with an agent can speed up the whole process, which means that money is returned promptly. Money which comes in handy any time of the year. There’s no messing around and no endless delays. Just a speedy solution to a common problem.

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Filed Under: Health

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