Jan 25, 2018

Posted by in Business | Comments Off on Why PAYE Tax Refunds is a Great Way To Save for Travelling

Why PAYE Tax Refunds is a Great Way To Save for Travelling

Why PAYE Tax Refunds is a Great Way To Save for Travelling

Many Freelancers in the world of marketing have the blessed opportunity to travel with their work, however, when abroad and saving for further travels it can make the pennies increasingly tight. But, there is a little hack that we can often forget, Tax refunds! More specifically speaking, for those travelling and working in the UK, then UK PAYE Tax Refunds is your little treasure chest ensuring you can jet set to the next great adventure.


Before we start, lets tick the boxes to make sure you are eligible for PAYE Tax Refunds;

  • You are a non-UK national
  • You have left the UK
  • You were short-term employed in the UK
  • You incurred work-related expenses
  • You didn’t work a full tax year
  • You were made redundant
  • You were on an emergency tax code

Now that we have cleared that up, why is this a great opportunity?

quite simply, if you are paying 20% tax on every single invoice, then at the end of the tax year a good chunk of this tax will be finding its way back into your pocket. If you are the travelling kind and enjoy the fruits of different cultures whilst exploring your way around the world from place to place, then a stop over to the UK is not only a great way to get your travelling kicks, it is also a brilliant way to save pennies in a way that doesn’t feel like saving at all!

A small recommendation would be to get an British bank account for your British clients rather than receiving invoices into your international bank accounts. Other than the obvious (you would not be illegible otherwise), you also will not have to take exchange rates into consideration which would mean loosing pennies for the services of exchanging pennies.

Many Freelancing travellers turn to the services of taxback.co.uk to ensure that can get the full advantage of saving their pennies and getting back what they are owed.

You can check them out on Social Media here, Facebook, Linkedin.