Refunds Direct help technicians claim tax back on tools
Motor mechanics are missing out on a potential goldmine in tax refunds that could see them claim back thousands of pounds from HMRC.
With a new tax year underway many mechanics are unaware of their entitlement to claim back money on tools they have previously purchased.
With claims potentially going back as far as 1997, Carrie Large from Refunds Direct is now advising all mechanics who have bought tools within the past 15 years to assess their own personal circumstances to see if they are in line for a rebate from the taxman.
Carrie said: “Many mechanics don’t realise the potential windfall that’s sitting in their toolbox. Tax can be and is quite a complicated subject and is why we’ve put in place our scheme to take away that hassle. We’ve helped thousands of mechanics unlock that revenue with payouts often reaching more than £800 a time.
“There’s no better time to assess the situation than and to put in a claim as soon as the latest tax year has ended.”
Having pioneered its mechanic tool refund scheme, Refunds Direct has helped secure millions of pounds in payouts for nearly 5,000 mechanics.
The scheme works on a no refund, no fee basis and is therefore risk free for employed mechanics who would like to find out if they are in line for a rebate.
Claiming back up to 15% of the total value of purchased tools and equipment a typical payout usually happens within 12 weeks. To qualify mechanics need to have spent at least £1500 on tools since April 1997.
Carrie added: “When you start adding up the figures you soon realise that HMRC is sitting on millions of pounds that mechanics up and down the country are entitled to claim back on.
“In today’s times of austerity, those in the industry need as much help as possible in order to survive.
“Claiming immediately after the end of the tax year means mechanics can maximise their tool refunds. All it takes is one phone call. We then do the rest and could result in a nice little earner.”