Haven’t received your tax refund yet? Are you worried you will no longer receive it since the tax year is over? Bette stop worrying coz it’s never too late!
I wasn’t able to claim my refund for the precious tax year, what should I do?
First things first, if you have over paid in your taxes but didn’t receive a refund after the tax year is over for some reasons, you can still claim it. First step is to verify that you indeed have overpaid taxes in the previous year/years. Once sure, you may directly write to HMRC requesting for a tax refund. Or you contact the directly using this HMRC phone number. You can send it to them using several ways; you can either use their address on the website, or use your current employer’s tax address. Upon receipt, they will initiate an investigation pertaining to your claim. They will have to verify the information you have given. It is therefore necessary to provide them all necessary and correct information. Once they see that you have provided incorrect or false information, they may forfeit the refund of your overpaid taxes and this may even result to criminal charges.
How long will it take HMRC to process my tax refund?
It usually takes several weeks for the processing since there are a lot of verification and checking that needs to be done. But rest assured that once your claim has been proven true and the investigation results’ had materialized, they will immediately process your tax refund. They will either deposit or transfer it to the latest bank account you have used to pay your taxes or directly transfer it to your bank account. Do not forget to include on your letter how and where would you want it to be credited. That is critical information as I’m pretty sure you do not want it deposited to the incorrect account. Also, it is advisable to use your own bank account for the refund since it makes the process easier on both parties.
How do I write the letter?
The letter is basically a formal business letter. Make sure to include all necessary information on the letter for it to be entertained. It is also wise to keep it as short and simple as possible without neglecting any important information. For the format or for some sample letter you may always search online. The format, some samples, and even templates to follow are available.