16 Jun CLAIMING A TAX REFUND WHEN MOVING TO PAKISTAN
Are you planning to move from the UK to Pakistan? If you are then you should definitely consider claiming for a tax refund. Whether you are leaving because your job in the UK has ended, or are moving back to Pakistan owing to family obligations, you are eligible for a tax rebate if you have been working in the United Kingdom for four years, and have been paying income tax during this period. You can claim hundreds and even thousands of UK pounds in overpaid tax. This money can go a long way in helping you settle comfortably in Pakistan once you have made the move.
The first thing you have to do in order to claim a moving to Pakistan tax refund is to inform the HMRC that you intend to move back to Pakistan on a permanent basis. HMRC will only be able to offer you a tax rebate if you make an official claim. Otherwise, your tax refund will be lost forever.
The HMRC will then require you to fill out a tax return form, or a P85 form. The P85 form displays the exact date that you left UK as well as other information pertaining to your employment status when you were working within the country. The information in this form will not only be used to determine the amount of refund you are owed, but also determine whether you should be granted non-resident status. The HMRC may ask you to complete the self-assessment tax return. You may also need part 1 and 2 of the P45 form, which is handed to you by your employer once you leave your UK job.
You will also have to decipher what you can claim for as part of your tax refund. You can make a claim if you spent your own money on job related expenses such as boarding and traveling expenses, as well as purchasing tools for work. It is imperative to note that you can only make a claim for refund on the taxes incurred in paying for these work related expenses.
You can also make a claim for refund if you did not consume your entire tax-free allowance for the year that you left the UK for Pakistan. As a Pakistani resident, you are also eligible for a tax refund if you are still paying tax on income you get from the UK. This income could be in the form of rental property income, and income derived from a private pension scheme.
If you are planning to move permanently to Pakistan, or you have already done so, and believe that you are owed a tax refund by the UK government, then you need to contract the services of Tax Rebate Service. This company will help you determine your eligibility for a tax return, and help process your tax return even when you are all the way in Pakistan.
Follow this link to get to know more about the company, as well as how it can help you successfully claim a tax refund https://www.taxrebateservices.co.uk/pk/tax-guides/leaving-uk-tax-back-guide/leaving-uk-tax-back-guide-pakistan/.