SA refunds: Accept online transfer or face delay

Posted by AccountingWEB PM | on Wed, 02/07/2008 - 13:03 2224 1 comment

HM Revenue & Customs (HMRC) now prefers to handle tax refunds by making direct payment online into a person's bank/building society account. It therefore requires taxpayers or agents to complete the relevant bank details section on their self-assessment tax returns.

It says: “if that section is not completed, a repayment will not be issued.

When a person prefers a repayment the old fashioned way - by cheque, either to the taxpayer or to a nominee, then the bank details section on the SA return should be left blank.

Continued...

SA Refunds

Anonymous | Fri, 04/07/2008 - 10:57 | Permalink

for 2007 Returns there is an increased occurence of refunds not being made even though account no's, sort codes etc have been entered in full.

There is a remedy though if :
a) a 64-8 is in place
b) the taxpayer appears on your Revenue web list
c) you again request the refund and re-enter the bank account details.

Is this another instance of the Revenue not reading the SA Returns properly?