Workers unaware of tax refunds

Analysis by experts at RIFT Tax Refunds show that many UK workers are unaware of the money they could be owed via a tax refund, particularly those working within construction, security, in offshore oil and gas or within the armed forces. The report shows that the average applicant is missing out on £2,500 over an initial four year claim and £929 per year thereafter. Those working self-employed within the construction sector could be owed the most, with the average refund hitting £1,698. Jan Post, CEO of RIFT Tax Refunds, comments: “The thought of tackling the taxman can be a daunting one and so the vast majority of us don’t even consider whether or not we could be owed a tax refund, particularly when working within full-time employment.”

 

City A.M.

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