Received an e-mail from a company offering to do my tax return. They claim to have done over 320000 returns since Sept 2013 and they operate on a no win no fee basis per below
I quote from the web site of Tax Returned Ltd - seems very cash rich and profitable. What am I doing wrong ?
"If you are one of the millions of taxpayers in the UK that IS entitled to a tax refund, then we will ensure that we obtain the maximum refund that you are due.
Our fee of 25% (plus VAT) per refund covers our time, expertise, and hours of potentially frustrating correspondence with the tax office on your behalf (subject to a minimum admin fee of £25 plus VAT). We like to be upfront about our fees as we have nothing to hide. No refund = No fee.
The best news of all is that you will receive 100% of the increase to your net pay going forward as a result of your new allowances – that’s all part of our service!
With nothing to lose, and only to gain….we feel compelled to use the old classic cliché – “It’s a no brainer”.