Urgent warning over tax refunds that could see you missing out on hundreds of pounds

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Urgent warning over tax refunds that could see you missing out on hundreds of pounds
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  • 📰 TheSun
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Prompt: Make a video about how to read your tax code letter from HMRC using these points: We’d like to then show an HMRC letter (we have an image of one from this year if helpful) and highlight/zoom in on the tax code and then write out exactly what the numbers and letter refers to Eg.

CONTROVERSIAL tax refund firms are taking hundreds of pounds worth of HMRC rebates from households by helping to claim them, experts warn.announced results of a consultation into the market and raised concerns about repayments being made to third parties rather than the taxpayer.Warning for 637,500 on state pension over surprise tax bill from this month

It added that its fees are solely based on the initial refund amount, even if taxpayers continue to receive HMRC allowances thanks to the claim.If you have paid the wrong amount, HMRC will either send you a tax calculation letter called a P800 or a Simple Assessment letter. If you have not received any of these but still think you might have paid too much tax, try HMRC’s simple tool.It may be from paid work, job expenses, a pension or other income or your self-assessment bill.For UK residents not eligible for self-assessment, R40 is the form required to submit a claim on overpaid tax on savings and investments, including PPI.

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