In the past few years, HMRC has paid out tax refunds totalling millions of pounds to construction workers for travel expenses claims dating back up to six years.
However, that is all set to change in the New Year as HMRC ends this benefit, with any who may still be entitled to claim for the past five to six years potentially losing out.
After 31st January 2012 HMRC will no longer accept claims for overpaid tax for the year ending 5th April 2006, and after 31st March 2012 they will no longer accept claims for overpaid tax for the year ending 5th April 2007.
After 31st March 2012, only four previous years can be claimed for both PAYE and Self Assessment. This means that workers could miss out on more that £1500 that they are entitled to.
ACT NOW AND MAKE SURE YOU DON'T MISS OUT ON YOUR TAX REFUND