I'm making an early years loss relief claim. HMRC have advised me to do this separately from the tax return so I've written a letter.
Do I need to tell HMRC how to repay my client ie. will they send a cheque or use the repayment details from her tax return or do I need to add a paragraph to the letter?
Thank you
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Add a paragraph
Looking to see if any bank details have been entered on the last tax return is far too joined up for HMRC. If they update a standing database from a tax return with "This customer wants tax repayments to bank account XYZ", you might be lucky, but the default would be a cheque - sorry! "payable order" in HMRC-speak.