SPECIALISTS AIM TO DISPEL MYTHS ON BUILDING SECTOR TAX RETURNS
Fear of being stung for possible underpayments is preventing construction sector workers across the country from making closer inquiries into their tax affairs.
Carrie Large, managing director at Refunds Direct said building sector workers were notoriously reluctant to challenge their tax assessments due to concerns they could end up owing HMRC more rather than less.
She said: “We are trying to dispel what appears to be an industry-wide myth that asking a few perfectly reasonable questions on what you should be paying could result in a bill from HMRC.
“The truth is that around four out of ten construction workers who took the plunge and answered our free tax check discovered they were owed money, typically up to £1,300.
“Many of our customers have told us they were reluctant to dig deeper into their own tax affairs in case they discovered they had overlooked any items and actually owed HMRC more money.
“But their decision to let sleeping dogs lie could result in them being owed hundreds of pounds in overpayments. Our simple tax test will suggest if a refund is likely or not and once we have the individual’s full pay and tax information we can then work out what they may be due.”
Carrie said building sector workers were better off knowing exactly where they stood rather than paying up regardless without making the most basic of inquiries into their assessment.
She added: “Nobody enjoys seeing their hard-earned cash going to the taxman but we believe many building sector workers are being held back by their fear of the unknown.
“Our job is to remove the fear factor and convince them to take time out for a complete overview of their tax situation.”
The registered HM Revenue & Customs tax agents hold the necessary claims management licence for pursuing financial refunds and have refunded in excess of £5 million pounds since 2004.
Covering the last fours years its free tax review examines PAYE income, Construction Industry Scheme (CIS), expenses and Jobseeker’s Allowance (JSA).
Carrie concluded: “Building workers have a very healthy respect for our tax system – sometimes too healthy. But we have the expertise to steer them through what can be a very complicated system and ensure they get the most back for their hard work. We work on a no refund, no fee basis and is therefore risk free for construction workers who think they are in line for a rebate.”
For further information please call 0800 107 7188, text REFUND to 60777 or visit www.refundsdirect.co.uk
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Issued on behalf of Refunds Direct by Empica Ltd. For further information please contact Laurence Phillips on 01275 394400