After the tax year finishes, employees are given their P60s and many check to see if they are due a tax rebate.
This year people might be waiting longer than normal as the Inland Revenue updates their computer systems, putting all tax records on a consolidated platform.
Refunds already take up to three months to issue, with some taking even longer due to ‘extra security checks’. Telephoning or writing is often futile as the Inland Revenue have a two month backlog of post.
Many fear that the implementation of the new computer system will only compound problems as staff need training as they familiarize themselves with the new platform. Thisismoney.co.uk reports that Revenue & Customs says: ‘We will work hard to deliver our normal levels of service, but in a few cases we may not be able to respond to queries or correspondence as quickly as we would normally expect to do so. We apologise for any inconvenience this may cause and will do everything we can to minimise this. In particular, we will ensure that key services, such as making tax refunds to low income customers, are given priority.’
How to Speed Up Your Inland Revenue Tax Refund
We can’t ensure that there will be no delays, but one way of reducing any possible problems is to ensure that you have all your P45/P60’s included with any application you send to the Inland Revenue. If you do not have a P45 or a P60, a statement of earnings is a sufficient replacement. Before sending any documentation make sure you photocopy all documents. Even if the Inland Revenue has a complete work history for you, it is worth sending a P91 so that they cannot claim to have a broken employment record.
A tax refund agent can help with your tax return. They have long-term experience in dealing with HMRC and will know what to send to ensure your refund is completed in the quickest possible time.