Are you a person who is planning to move out of the UK or have experienced relocating in the past for tax years, you must be aware of the fact that there is a due tax refund for you for leaving the UK. There can be several online calculating options that will help you to figure out how much amount you must expect in form of a tax refund after leaving the UK. You should know the process to navigate the HMRC in order to get the tax refund and make a successful claim. You can be entitled to leaving the UK tax refund if you are going abroad to work or for studies.
Moreover, your personal circumstances and your tax status will help to decide the outcome in this regard. You must also ensure that the UK tax authority informed you about moving abroad so that the tax calculations can be made right. Let us get delved into the discussion of who is entitled to claim back the UK tax and how to make the claim successful.
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Who is Allowed to Claim UK Tax Back?
If you are a resident of the UK who is moving abroad for the purpose of work or business, most likely the chances are that you are in a good position to claim the UK tax back. In some cases, the individual also tends to turn into the status of a non-UK resident after moving abroad. This will allow you to pay the tax in the country you are moving to rather than paying tax in the UK.
However, if you have worked in the UK or you have lived in the UK, you will still be able to make the claim for the tax refund. Some people are planning to go back to their native country, they can also apply for a tax back claim in the UK.
Why Would I Be Due a Leaving the UK Tax Refund?
You must be already are of the fact that all the residents of the UK are entitled to a tax-free personal amount of earnings under a certain limit of amount. In the case of individuals who have not used the amount of personal allowance for a long period of time, the good news is that this is a good situation to reclaim the tax amount. If you are holding the status of being self-employed or an employee of the company, there are certain scenarios that will allow you to claim the tax refund after leaving the UK.
How Much Tax Back Can I Claim?
There are various factors involved in the discussion of how much tax can be claimed for a refund. This will depend on the sources of income you used being in the UK to earn and how much amount you have paid to HMRC in form of tax. However, if you still require to know an upper limit of how much you should expect to get back in the tax refund, then there is no exact figure of the upper limit in this regard. As it will vary according to your kind of situation and circumstances.
Essential Paperwork for a Leaving the UK Tax Back Claim
If you are planning to claim a tax refund after leaving the UK, there are a few essential documents that you will need to prepare. One of the documents is known to be the P85 form that has the basic details like when exactly you left the UK, what was your employment status in the UK and what was your residential status while you were residing in the UK.
After leaving the last employer in the UK, a form known to be P45 is normally given to the leaving employees. You need to keep the documents intact in this case. Otherwise, you might face longer than usual to complete the process.
How will I be paid my UK Tax Refund?
In case of the overpayment of any taxes whole your stay here, the amount will be calculated by the tax authorities and the form P800 will be prepared. This will explain all the details about the tax refund amount and whether there were any overpayments of the tax or not. Normally this form is posted at the address that you have provided to the tax authorities. This will allow you to have a clear breakdown of personal tax accounts and relevant details if you own one tax account.
The Bottom Line
Now that you have gathered a fair amount of information about what is leaving the UK tax refund and how to handle it, we can bring the discussion towards wrapping up. It is quite useful to know that you are in a position to claim a tax refund after you have left the UK to settle abroad for work or studies. However, there are a few conditions for getting the process done successfully. This is why the experts suggest keeping all the documentation prepared and being aware of the basics before you plan to claim the tax refund. This will allow you to keep yourself away from the hassle and any kind of involvement in something that is not fruitful by the end of the day. This means being prepared and aware is the key to a successful tax refund claim. We hope these few minutes of reading will help you to develop a better understanding of how to claim to leave the UK tax refund.
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Disclaimer: All the information provided in this article on how to claim to leave the UK tax refund, including all the texts and graphics, is general in nature. It does not intend to disregard any of the professional advice.