Am I paying too much?
There are 3 rates of relief: exempt, zero and 5%. The availability of, and conditions for, these reliefs changes with every budget. They also change mid-term as caselaw emerges. With the default set at the highest rate of 20% the chances are that if a rate has been applied wrongly you have overpaid .
The overpayment can be recovered from HMRC, but a lot of conditions apply. HMRC also reserve the right not to pay if they hold that you have been unjustly enriched.
It works out better to get it right first time and avoid the uncertainty of whether or not you can recover the overpayment. Where there is potential for relief we provide advice our clients can rely upon.
See also: Input Tax Seepage .