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Should I pay a company to see if I'm owed tax refund?
Comments
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Usually you get what you pay for I used to use a cheap accountant, turn up at the end of the year with reciepts in a shoe box he used to ask me a few questions and that would be that tell me how much tax to pay how much rebate I would get.
Six years ago I had an investigation, which turned up the crap work this guy had done and nearly caused me to have to pay a tax bill of nearly £10K. i ditched him and used another accountant who costs me twice as much but he managed to sort my tax for the previous years and reduced the bill to £4K.
Guess who I use now, especially as my business has expanded away from where I originally started out.
I am now far more tax savvy myself and I am sure my accountant saves his own fee compared to if I tried to do it myself.0 -
Hi
I am in the process of it, been teaching 10 years and they have found I am owed about £300 so I should get £180!
Not sure if i used Tax buddies but it was someone like that, could find out of you wanted! Other half did it too and she got money back (4 year teacher) not a lot though.
It does take a long time to go through though! Up to 30 weeks apparently!
J0 -
.... they have found I am owed about £300 so I should get £180!
Not sure if i used Tax buddies but it was someone like that, could find out of you wanted!
It's a money saving site .... so why be intent on finding out, for others, where you've wasted £120? Surely the right advice is DIY and you get the whole £300? And it is not difficult.
Incidentally ... it's about time you voted out the people in the teaching union who are in the pockets of these rip-off merchants?If you want to test the depth of the water .........don't use both feet !0 -
i'd complain to yur union. they could easily write an article in their magazine on how to do this for yourself!0
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I went back to Uni for a year's course in 2002-3, so thought I may be due a tax rebate. Was going to go through one of these companies last year, but then thought I would just go it alone, so wrote to the inland revenue. Turned out that I owed them 13p for 2002-2003 (they graciously said they wouldn't bother chasing this up!), and then got a cheque for £6.30 for the year 2003-2004. Not a massive amount, but hey-ho, every little helps!!0
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Incidentally ... it's about time you voted out the people in the teaching union who are in the pockets of these rip-off merchants?
It's the other way round. I run an accountancy practice and am being forever pestered by unions offering me direct access to their members if I pay them for the privilege.0 -
I thought that was what I said? i.e that the Unions are on the take from companies purporting to offer services.If you want to test the depth of the water .........don't use both feet !0
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They take a 40% cut of anything that I get back but if I owe tax Mr Tax man doesn't find out.
I'm interested in this part. Surely if you owe tax they must tell you this fact and advise you to inform HMRC.
If you choose not to, and HMRC later find out that you owe this tax, then this is surely not an innocent mistake, and probably more than negligence. I would suggest it is nearer fraud since you deliberatley chose to hide this fact.
If you told Tax Buddies that you would not be declaring this would they not be obliged to report this under the Money Laundering regulations?If it’s not important to you, don’t consume it0 -
Elaine_Wilson wrote: »<snip>
If you told Tax Buddies that you would not be declaring this would they not be obliged to report this under the Money Laundering regulations?
No. Nothing in MLA regs about this."If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools"
Extract from "If" by Rudyard Kipling0 -
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