Average UK tax rebate increases 6.2 percent annually

News Team, 01/02/2023

The average amount owed to UK taxpayers by HMRC has increased by 6.2 percent, according to tax specialists RIFT Tax Refunds.

This means the average tax rebate is now reaching £1,510.

Although with first time claimants able to backtrack up to four years, this refund could be as high as £5,971.

The data by RIFT Tax Refunds showed the average rebate issued by HMRC has climbed for the first time since 2020.

Between 2019 and 2020, the average tax rebate...

Continue reading this article...

Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.

You are currently not logged in,
login to view the full article
start by clicking this button.

Need a subscription,
fill out the form here or
contact subs@eprivateclient.com

About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM


eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more