The short answer to this question is very likely to be ‘yes’.Paying tax through the PAYE (Pay As You Earn) tax scheme, doesn’t neccessarily mean that you aren’t paying too much tax!Making this assumption could very well mean that you are wrong.

Some accountancy companies estimate that as much as 30-33% of the working population is paying too much tax, so it doesn’t matter if you are self-employed, employed or you are on the Construction Industry Scheme, you may well be paying too much tax.You could very well be paying too much since it’s estimated that 1 in every 3 people are!

Claiming any tax which has been overpaid can be done in two ways;.  You can approach Her Majesty’s Revenue and Customs and see if they can hep you to reclaim any overpaid tax.  Or you can find a good accountant to see if you have paid too much tax, or even a specialist tax recovery firm.

Whilst Her Majesty’s Revenue and Customs may be more customer- friendly than they used to be, it is unlikely that they will fall over themselves to go through your tax records and find out if you have paid too much tax.Even if they had the will to do it, let’s be fair, they simply don’t have the resources!  This means that the effort has to be done by you and you need to kick-start the process of getting your tax back.

So you should talk to an accountant, or do an online search for tax specialists, who often have a free calculator that you can use to ascertain whether or not you have indeed paid too much tax.These are quite easy to use, but ensure you have all your tax related paperwork in front of you.An accountant that’s good which springs to mind for e.g. is Wrexham chartered accountants, here you will get the best service ever.  You can however, do an online search for accountants in your area, again, for e.g. accountants north wales.Numerous accountant companies will be listed in the directory; from here you can choose the best.

Do not assume therefore that simply because you are on a PAYE tax scheme you will automatically be paying the correct amount of tax.Check out whether you are owed any overdue monies, as mistakes are often made and people slip through the net; the money is better in your pocket rather than the HMRC’s.Deciding how you will spend the money will be your only decision.