Starting on 8th April, any taxpayer receiving a repayment of corporation tax or income tax self-assessment will no longer receive a letter from HMRC notifying them of the repayment.
Only cheque repayments will still be received through the post alongside a notification. However, and unsurprisingly, there has been a sharp decrease in repayments through cheques. It is HMRC’s contention that the removal of the paper notifications will lead to less confusion around the repayments as usually they are received have the repayment. This makes sense to us at M&S Accountancy and Taxation. The taxpayer will receive the repayment as normal and can see the repayment in their online account. For us, agents for our clients, we can review the repayment on our HMRC online services account.
If you’d like to see the official HMRC advice to agents about this, it’s available here. And, of course, if you have any questions or concerns, please get in touch with us here.
Ashley Marshall, M&S Accountancy and Taxation
