Tax refunds on technicians’ tools amount to £2.2 million 27 July 2011

Tax refund specialist Refunds Direct claims to have secured tax refunds worth a total of £2.2 million for more than 4,600 auto technicians.

With payouts averaging £470, technicians' tools and tool boxes are the source of the entitlement, where technicians have bought equipment without realising they can claim 10—15% back.

Mike Oaten, director of Refunds Direct, explains that his firm set up a specialist Mechanics Tools Tax Refunds scheme, following a battle with HMRC back in 2005.

Arranged on a 'no win, no fee' basis, 98% of its claims, he says, are successful, providing welcome cash for thousands of technicians, ranging from employees of small independent garages to those working in fast-fit chains and large dealerships.

Since the launch of the scheme seven years ago, Refunds Direct has built up a wealth of knowledge, compiling a database of some 16,000 tools. Oaten says his company's software maximises claims by declaring which tools are an allowable expense under tax office legislation.

"Investing in tools over the years can add up to substantial tax refunds for mechanics, who might have written off the outlay," states Oaten.

"Our specialist service makes it extremely easy to submit claims, and our 98% success rate speaks for itself."

Author
Brian Tinham

Related Websites
http://www.refundsdirect.co.uk/

Related Companies
Refunds Direct Ltd

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