Tax Refunds: What to do when you overpay taxes

Discovering that you have overpaid your taxes can be an unexpected surprise, and while it may not be as infamous as tax evasion or avoidance, it is a situation worth exploring. Tax overpayments can happen for various reasons, from monthly tax rates leading to higher taxes compared to the annual rates, to certain benefits available to you as an employee but not to your employer. One common scenario is the potential for VAT refunds due to excess credits resulting from zero-rated supplies.

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