By Marcus Leach
In the past few years, Her Majesty's Revenue & Customs (HMRC) has paid out tax refunds totalling millions of pounds to construction workers for travel expenses claims dating back up to six years.
However, that is all set to change in the New Year as HMRC ends
this benefit, with any who may still be entitled to claim for the past five
to six years potentially losing out.
“Under HMRC temporary workplace rules, any PAYE employee who uses their own vehicle to travel to and from temporary workplaces may be entitled to a tax refund," Chief Executive of RIFT, Jan Post said.
"Even if an employer pays towards employees travel, they may still be entitled to claim. On average, we can claim from between GBP600 - GBP800 a year from HMRC for each employee who qualifies and currently up to six years can often be claimed back in the first instance, which amounts to a significant amount of money for claimants. This will cease to be the case in the New Year.”
After 31st January 2012 HMRC will no longer accept claims for overpaid tax
for the year ending 5th April 2006, and after 31st March 2012 HMRC will no
longer accept claims for overpaid tax for the year ending 5th April 2007.
After 31st March 2012, only four previous years can be claimed for both PAYE
and Self Assessment. From 5th April 2012 eligible tax years will be those
ending 5th April 2009, 2010, 2011 and 2012. Every April claimants will no
longer be able to claim for the earliest year, and the new tax year will
come into play.
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