Date posted: 8th Mar 2021
In normal circumstances, individuals have up to four years to correct errors that result in an overpayment of tax. So 5 April 2021 is the deadline to claim a refund from 2016/17 tax year that ended on 5 April 2017.
We would urge you to consider if there is any relief or deductible expenditure that you may have overlooked. Perhaps you didn’t claim for pension contributions or gift aid donations (for higher rate taxpayers)? Perhaps you incurred a work or business expense you did not realise was deductible? Common examples include professional subscriptions, working from home expenses, mileage/travel costs or expenditure on items like equipment or software required for your job.
Many individuals could use the additional tax relief to supplement their cashflow, particularly during the current pandemic.
If you need assistance making a claim for 2016/17 or a later tax year, please contact our tax team here.