Each tax year will be recalculated if you enter a claim. This often identifies other overpayments due to incorrect tax codes, multiple employments, ceasing of job, etc. In these cases we can identify a much larger tax rebate. We regularly identify rebates of over £1,000 for customers who were originally estimated a lower amount.
If you claim now you will receive tax relief for the current tax year and future years that allowances continue to apply, paid through your monthly pay, no charge will be made on future tax relief or refunds.
You don't need to make any upfront payment to us in order for us to check if you are due a rebate.
We will ensure that your current year reliefs are correct and that your future year allowances are adjusted in line with the current year to ensure you are no longer being overtaxed. There will be no charge calculated for amending your current tax code and you will receive any tax refunds due in the current year and in future years directly.
If you are due a refund in the 4 previous tax years we will receive that refund from HMRC on your behalf and deduct charges in accordance with those quoted on the website prior to making a payment to you.
Standard deduction is 30% + £30, plus VAT, where due on any refund payment HMRC send us before passing payment on to you. Charges are limited to the previous 4 tax years we check and we will not make any deduction on future tax refunds.
If no refund is due the service is FREE to use. If a refund is due standard pricing is 30% + £30, plus VAT, where due on any refund payment HMRC send us before passing payment on to you. The charge is levied on all refunds received from HMRC covered by the claim period (4 previous years) regardless of reason. When entering a claim you agree to legally and unconditionally assign the rights to any refund for the previous 4 years to OTR, when payment is made to us we will forward the residual balance to you net of our agreed fees. On receipt of the form HMRC will manually reconcile (calculate) your tax liability for each year of your claim. If unreconciled differences are present on your taxpayer record for any year these differences may positively or negatively effect your tax liability on top of the effect of any allowances or expenses claimed for. HMRC perform a more basic automatic reconciliation on taxpayer records from April to November in the tax year following the end of each tax year. By submitting your claim you forgo the rights to any benefits that may have been accrued as a result of HMRC performing an automatic reconciliation, from the date your form is received by HMRC.
Midwife Tax Rebate
You’re used to looking after new-borns and their mums but who’s helping to look after you? That’ll be Healthcare Worker Tax Rebate. When you do have time to yourself you want to make the most of it and midwives may be able to claim a tax rebate to help them enjoy their off-duty time more. As a midwife, you can claim tax back on some of the expenses of your employment. It’s a fact that most midwives don’t claim this relief because they don’t know about it or are pushed for time and think it will be complicated and/or cost a lot. It won’t. It is up to you to record and report your expenses to HMRC (Her Majesty’s Revenue & Customs), so let us help you do just that.
You can claim for:
1. NMC fees
If you are required to register with the Nursing and Midwifery Council you can claim tax relief on the cost of your subscriptions. Typically, anyone registered with the NMC can claim tax relief at around £20 per year or £40 per year for higher rate taxpayers. You can also claim additional tax back on any fees you paid to register a subsequent qualification.
You may already be claiming tax relief on NMC fees but as the fees recently increased last year you may now be able to claim a bit more tax back.
2. RCM membership
If you are member of the Royal College of Midwives you can also claim tax relief on your subscriptions. If you pay the full subscription rate you could be due around £47 per year in tax.
2. Unison membership
Union membership isn’t usually tax deductible, however, if you work in healthcare you can claim tax relief on membership fees with Unison. Unison has more than half a million members in the healthcare sector, so a number of midwives will be members. The amount on which you are allowed to claim tax relief is restricted, but if you pay the highest subscription rate you could be due around £35 to £70 per year in tax.
3. Professional indemnity insurance
If you have to pay professional indemnity insurance, through providers such as the MPS (Medical Protection Society) for instance, you can also claim the tax back on the cost of your premiums. You’d usually get 20%-40% of what you paid back in tax.
4. Upkeep of equipment and uniform
Midwives are given an allowance to cover the cost of laundry and upkeep of uniforms, which can be worth between £20 and £40 per year in tax, depending on which rate of tax you pay.
You can also claim an additional allowance for shoes and tights. The allowance is relatively small but it can increase any rebate and tax relief by £3 to £7 per year.
HMRC has a broad definition of a nurse which includes “nurses and midwives of all grades and includes auxiliaries, students, nursing assistants and healthcare assistants or workers”. This definition will include most care workers too, so most workers engaged in nursing or direct patient care can be classed as nurses when it comes to making a claim.
Can I backdate my claim?
You can backdate your claim over the previous 4 tax years, even if you’ve had several jobs or left your job in midwifery. For the current and future tax years you can get tax relief through your tax code, meaning you’ll get a bit less tax deducted from your pay packet.
How do I claim?
It’s really easy to do and you can complete your part of the claim in seconds, just enter your details through the estimator.