HMRC has issued an update on when tax refund payments will land in bank accounts as some Brits face 'additional checks' ...
A customer and taxpayer contacted the tax arm of the Labour Party government concerned as their payment had yet to arrive as ...
HMRC charges late payers 2.5pc interest on top of the current Bank of England base rate, which currently stands at 4.5pc. The tax authority’s late payment interest rate was just 2.6pc for most ...
HMRC responded to suggest a reason for why the payment may be taking longer than the customer expected: "The refund will be going through additional security checks which can take 6 to 8 weeks.
The central bank has lowered the base rate from 4.75% to 4.5%. As HMRC bases its charges for late tax payments on the base rate, these will drop as well. Late payment interest is set at the base ...
Now, certain taxpayers can even organise their payment plan without having to hang on the HMCR phone lines. A recent Public Accounts Committee report raised a number of concerns around HMRC’s ...
Furthermore, a Simple Assessment letter could be issued if you owe tax that cannot be automatically taken out of your income or owe HMRC more than £3,000. It's important to pay any tax you owe to ...
meaning their State Pension payments could be significantly larger. But you'll need to act by April 5, as from April 6 people will only be able to go as far back as 2019. HMRC's post in full reads ...
Thousands of older people, primarily women, may be entitled to years of back pay, according to HM Revenue and Customs (HMRC). The organisation has urged pensioners to check if their monthly ...
Also mentions up to 12 weeks." In response, HMRC stated: "Hi Katie. The refund will be going through additional security ...
HMRC also shared a clip from Martin Lewis' ITV Money Show Live, during which the financial expert explained that people can buy back any missing National Insurance years from as far back as 2006, ...