Paper repayment notifications for Corporation Tax and Self-Assessment

HMRC have advised that from 6 April 2024, they are no longer going to be issuing formal repayment notifications by post for Corporation Tax and Self-Assessment (Income tax) repayments to either taxpayers or their agents who paid their tax by

• BACS
• credit card
• debit card

HMRC have advised that there will be no change to their actual repayment process so taxpayers should still receive any monies owed to them “as normal”.  As we know from past experience this can take from a few weeks to several months depending on whether the repayment due is selected for security checks by HMRC

HMRC have advised that the reason for this change is because the repayment notification letter often arrives after the repayment has been made.  Apparently this leads to confusion for taxpayers who then contact HMRC to query the position taking up valuable HMRC time.

Repayments will be sent to the taxpayer’s chosen bank account or credit card balance and “they will be able to see the repayment from the transactions in their online account.”

If you have not received the repayment that you are expecting within 28 days of your Return being submitted, then please contact the member of the team who you usually deal with, and they will follow this up for you.

The information in this blog provides only an overview of HMRC guidance and legislation in force at the date of publication and no action should be taken without consulting the detailed HMRC guidance and legislation or seeking professional advice.  Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this blog can be accepted by the firm.

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