Is a mechanics tax rebate automatically refunded?
No, a mechanics tax rebate is not automatically refunded to you.
You have to play your part in the process by submitting a tax rebate form or using the correct section of the self assessment process.
People are often daunted by HMRC, partly because the regulations seem to be endless. Many of the mechanics we support have tried to claim themselves unsuccessfully.
HMRC want people to apply for their tax rebates, but it’s an enormous task to ensure that all taxpayers know which ones they are eligible to apply for.
What do I need to claim a mechanics tax rebate?
Our mechanics clients all purchase tools and toolboxes for work which means a claim for capital allowances is needed to ensure the highest possible tax rebate is refunded.
The tax office need to be told how much you have spent in a specific format to allow for the tax rebate you are eligible to be calculated. Evidence must be provided which can be a transaction history from your tool provider.
In order to successfully claim a mechanics tax rebate, you need to figure out which of the many allowances and reliefs apply to your personal tax position.
You’ll need to sort out issues like if you are claiming for a Flat Rate Expense Allowance, or Capital Allowances for your tools and if you have a claim for mileage anywhere.
Tool Tax Refund Calculator
Calculate your Mechanics tax rebate today
Use the tool tax refund calculator to find out how much you can reclaim. Just enter the total of how much you’ve spent on tools and the calculator will let you know how much you can claim.