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Waiting on a tax refund?

Waiting on a tax refund?
Wednesday, December 23, 2015

Waiting on a tax refund? We’ve found this year that HMRC have been much faster to pay  – sometimes within 10 days. If you’ve been waiting more than 4 weeks, here are some reasons why it may not be coming through....

  1. Your return has been chosen for a random check. If you log into your Government Gateway account you should be able to see the status of your repayment and this may be the reason it is being held back.
  2. You’ve not put any details in the repayments box on the return. It’s best to put your bank account in here so that you don’t have to wait for HMRC to issue you a cheque by post.
  3. You have paid your tax by card previously. From 6th April 2015 HMRC will override the repayment details on your tax return and send any repayments to the card that you made your tax payment on, if you have done so in the last 9 months.
  4. You asked for it to go to your agent instead. Check with your agent (usually your accountant) if this is the case – they should be able to chase up your repayment on your behalf.

Moving to Panthera is easy

It’s a big decision to move accountants. We get it. That’s why we have a clearly defined process in place to make it as straightforward as possible.

Step 1: We have a short initial discovery meeting to understand your needs so we can create the perfect service package for your business

Step 2: You receive your tailored proposal with one simple monthly fee and you e-sign the letter of engagement

Step 3: You provide your current accountant with notice – and you leave the rest to us!

We liaise directly with your previous accountant regarding the transfer of information. We request authority from HMRC to act on your behalf. We handle as much of the admin as possible, so you can get on with running your business – safe in the knowledge that everything is going on in the background. And if there’s any action for you, we let you know.

Contact us to find out how we can help you

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