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Tax Refund

I filled in my tax refunds last year and the Inland Revenue have told me that I overpaid by just over £10,000. I spoke to them 2 weeks ago and they have told me that a refund was issued on 16th February direct to my bank account.

Does anyone have any idea how long it usually takes once they release the money to get to my bank account?

Comments

  • Mikeyorks
    Mikeyorks Posts: 10,378 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HMRC pay via BACS ...... so that is 3 working days!
    If you want to test the depth of the water .........don't use both feet !
  • cmcco79
    cmcco79 Posts: 19 Forumite
    That's what I thought so i've phoned them. Baring in mind they said 2 weeks ago that the investigations department had checked my assessments and agreed the refund can be issued, the inland revenue then released the refund 2 weeks ago, then suddenly they decided that it needed to go through more investigation checks as it is for a large amount. I wish they hadn't told me two weeks ago that they had released the money as i've gone and bought a car :( now they said it could take a further 6 weeks.
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