My wife got a raft of letters recently from HMRC .One letter had a tax refund for 2019/20 .Another with a demand for underpayed tax in 2016/17 .
Any ideas anyone ?
Any ideas anyone ?
Good idea .
Just thought others may have similar experience to share .
Seems strange for HMRC to send a batch of letters covering several years and why not just deduct the underpayment from the refund ?
I always bank any refunds and keep it safe as if it’s not my money. I learnt that from when I was younger as they then came back to me asking for the refund back plus interest!!!Good luck ringing them.. I was on the phone for an hour trying to get through last week... I had two letters asking for more information which I had already filled in on line.
When I finally got through the lass on the other end put me on hold whilst she "had a look" and was gone for 20 mins.... Just as I was about to hang up thinking she had stitched me up she came back and told me not to worry about it and promptly hung up.
I got another letter yesterday telling me to ignore the other two... and a cheque is on the way (for what I have no idea as I was under the impression I owed them)
a year later, in average 8.25 pence per month instalments, they were happy.
Correct, but doesn't that mean I pay tax on £10 more over the year meaning, on a standard rate of 20%, it cost me £2 instead of £1? No matter, whatever it was, less than a tenner and worth every penny. The letter informed me it'd affect my state pension.Its a great story, but you actually wont have paid the pound.
HMRC tax codes work in £10 increments so if your tax free allowance was 12505 or 12506, your code would be the same 1250M eg.
I was equally sceptical when I got an HMRC letter about a tax refund from 2018/2019.Also be careful with refunds - if they are asking for bank details as to where to pay them then that would raise a red flag for me - just contact HMRC - when you do get through to someone they are normally quite good so should hopefully quickly help you out.
Setting aside your unpaid tax situation for a minute, multiply it by for example a few million then it becomes a large amount does it not. We used to say at work when the clock struck a certain time, 'well that's the tax paid, now the rest is mine. Then of course someone would chip in and not forgetting VAT etc. They will tax the air we breathe if they could, it's the way it is.Had them on my case. Never had to do self assessment now they are demanding 2 . I got some PPI - decent amount- and it appears this was the trigger.
Certainly it appears they are after whatever money they can grasp. It will hardly dent the country’s debt!