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Very small self assessment tax refunds

We have several clients who are due refunds of overpaid self assessment tax amounting to a few pence.  This actually costs the client more in bank charges than the refund is worth.  Does anyone know if theire is a minimum level under which HMRC does not pay the refund but keeps it on the account?

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11th Jan 2013 12:31

£10 I think

£10 I think

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11th Jan 2013 13:13

Taxpayer's money

I've just had a refund for £6 paid to a client. Given it is the taxpayer's money, I'm not sure HMRC could refuse to repay it however small it is! If you get it paid directly into the bank account, rather than by cheque, there isn't usually a charge as most bank accounts don't levy charges to the recipient for electronic transfers, I believe. Having said that, if it's very small, I wouldn't ask for it to be repaid - there is an option to leave it on the client's self assessment account to set against future years' tax. 

Cathy

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By K81
11th Jan 2013 13:23

Repayments should be automatically issued if over £10.

Anything less than this will be refunded if requested.

 

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By Malet
11th Jan 2013 13:24

Donate

There used to be an option to donate any refund under £10 to charity on the tax return...

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By K81
11th Jan 2013 15:45

charitable donation option withdrawn from 2011/12 as not enough people used this.

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12th Jan 2013 10:24

Very small sefl assessment tax refunds

Thank you everyone.  Most useful.

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