Tax Guide For British Expats Moving Abroad

Complicated tax rules can mean thousands of expats miss out on the chance to claim back on average £900 in tax relief when they move abroad. Emigrating to another country can be a life changing experience and so there’s various reasons you may neglect your finances before jetting off.

Whether you’re caught dreaming about sun, sea and sand or just want to get ahead with the credentials of moving out, the chances are taxes are not high on your to-do list. But did you know, in a few simple steps you could claim back the taxes you are legitimately owed

How do I know if I’m due tax back?

Anybody who has moved from the UK in the past four tax years or is looking to set up abroad, is eligible to claim for UK tax. This will not be handed to you, but instead you’ll need to make a claim to be in with the chance of claiming back what you entitled to.

What much could I be entitled to?

The money you could be entitled to will depend on your individual circumstances. It will depend on what date you left the UK and your total income and tax paid figures. Additional tax may refunded if you have paid tax on certain types of income from the UK since leaving.

If you would like to receive a healthy tax rebate to help set up a secure life abroad, don’t hesitate. Emigrated a number of years ago? Not to worry. Your tax claim can be backdated for up to four years and you don’t have to be living in the UK to make a claim.

So, what are the next steps?

No matter what your reasons for setting up home outside the UK, whether it’s a year working overseas, a career progression or a relaxed retirement in the sun, you usually need to submit a P85 form. Other forms might be needed subject to your particular tax requirements.

How long will my claim take?

The time it takes to submit your claim is seconds, but the results could mean a fresh start in your dream destination. The time for the HMRC to process your claim will depend on their workload and the complexity of your tax position- but the average time is between 6-12 weeks.

Apply for your legitimate tax refund today and sit back, relax and leave complicated tax procedures to the experts at Tax Rebate Services. We are on hand to answer any questions you may have and work to make your move run smoothly.

This article was provided by Paul Donohoe, Director at Left or leaving the UK? Get in touch to claim your tax rebate today.

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