The HMRC could owe thousands of people in the UK a tax refund.
Tax experts suggest the average payout is around £2,500, as people are entitled to claim tax back for up to four years. Of course, the amount you could actually get back from the taxman does depend on how much tax you’re due.
The UK tax year starts on April 6 each year and ends on April 5 the following year. If you have previously overpaid tax, the money paid back from tax in previous tax years is often applied as a cash sum. As for the current tax year, your tax code is normally adjusted so you pay less tax, reported The Mirror.
