Every Prospect member is entitled to a free tax code review. The service will check that you have received each of the tax allowances you were entitled to in the last four years.
More than 11,000 Prospect members have already taken advantage of this service, provided by The Tax Refund Company. In total, they have received more than £320,000 in tax refunds. The average refund is around £277.
Most members don’t believe they could have paid too much tax, and mistakenly assume their employer looks after their tax affairs. In actual fact, it’s your responsibility to make sure the Revenue issues your employer with the correct tax code each year. Failure to do so is likely to result in you paying too much tax without realising. It’s highly unlikely you’ve paid too little.
If you haven’t done so already, you should take advantage of our service and check that you have been using the correct tax code.
This totally confidential service is offered on the basis of no-refund = no-fee. You will get 62p for every £1 recovered, while all future savings you receive through having a new (correct) tax code are yours to keep in full.
Your review is free if you are not entitled to a refund.
Members - log in at the top right of the page to get more information.