Workers across the country could be missing out on much-needed cash that would make a big difference amid the spiralling cost of living. With bills, particularly the cost of heating homes, going only in one direction, a tax refund from HMRC could make a big dent.
Research by RIFT Tax Refunds has found that many people could be owed refunds on overpaid tax. It found that the average one-year refund stood at £929. For those who've never applied, a back claim can be made for up to four years, adding up to as much as £3,374 on average, reports ChronicleLive.
Energy bills have rocketed for many people. The average household had an annual bill of £1,279 three years ago, but today it's 20% higher at £1,536. An average four-year tax refund could, therefore, cover your bills for two years.
