Define: Tax Rebate

UK Accounting Glossary

Definition: Tax Rebate

Quick Summary of Tax Rebate

What is the dictionary definition of Tax Rebate?

Dictionary Definition

A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid.


Full Definition of Tax Rebate


Examples of Tax Rebate in a sentence

You can benefit from an income tax rebate of 32% of the investment made.
This tax rebate is subject to restrictions based upon the amount of income tax you’ve paid.
They are entitled to a road tax rebate.
Based on your investment of £37,356 you are entitled to a tax rebate of £4,731.
For each worker whose earnings are increased, those companies could obtain an additional tax rebate worth on average £562 per worker.
The drop in the surplus is largely due to the tax rebate checks going out to millions of Americans.
She believes that providing considerable tax rebates alongside marginal tax cuts for the middle and upper middle class will help boost the struggling economy.
A person who uses diesel for excepted vehicles is entitled to a tax rebate upon excise duty.

Tax Rebate FAQ's

What does tax rebate mean?

A tax rebate is a refund of taxes that have been overpaid.

How long does a CIS tax rebate take?

On average, a CIS refund claims can take between 8-10 weeks. It depends on how long it takes HMRC to process the CIS refund claim.

Is a tax rebate automatic?

You will receive a P800 letter from HMRC if you are owed a tax rebate, yet you will not necessarily receive this money without applying for it. You can make a claim that covers several years of overpaid tax.

How do I claim a tax rebate?

In the event that you have been unemployed for four weeks or more.

  • Step 1 – To claim a tax refund you will need to file form P50. This will have to be sent to HMRC, you will also need to send parts 2 and 3 of your P45.
  • Step 2 – It is sensible to call HMRC before you file the P50 form in case you need to provide any extra information. HMRC’s contact number is 0300 200 3300
  • Step 3 – to download the P50 form you can visit GOV.UK.
How long does a tax rebate take online?

HMRC will normally have sent any tax refunds within 5 weeks of a claim being made online. If you have made a claim by post, a refund will usually be with you before 6 weeks, however, in both cases it can take much longer. You should wait 5 and 6 weeks respectively before contacting them.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Tax Rebate. Payroll & Accounting Heaven Ltd. November 22, 2019
Chicago Manual of Style (CMS):
Tax Rebate. Payroll & Accounting Heaven Ltd. (accessed: November 22, 2019).
American Psychological Association (APA):
Tax Rebate. Retrieved November 22, 2019, from website:

Definition Sources

Definitions for Tax Rebate are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 12th February 2019.