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HMRC To Process Refunds Online

by Robert Lee, Tax-News.com, London

24 August 2016


UK tax authority HM Revenue and Customs (HMRC) has said that taxpayers will now be able to receive refunds directly, via their Personal Tax Account, without the need for a trip to the bank.

The online tax refund service is available to taxpayers who use a Personal Tax Account. Any tax they have overpaid will be returned directly to their bank account within three to five days.

The Personal Tax Account is designed to make tax less formal and time consuming. It allows taxpayers to view and update personal details, see how their tax is calculated, check the progress of forms, and see tax credit payments, among other things.

Ruth Owen, Director General of Customer Service, said: "This new service puts customers in control of their tax affairs, allowing them to claim any money owing to them immediately. They can claim at a time that suits them, from a device of their choice, securely, and without needing to wait for a cheque in the post."

"Now customers will have access to funds cleared in their account within three to five days, rather than the two weeks it would typically take for a cheque to be issued, banked, and cleared."

TAGS: tax | revenue guidance | Personal Tax | United Kingdom | tax authority | HM Revenue and Customs (HMRC) | HM Revenue and Customs (HMRC) | individual income tax | Tax

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