HMRC Self Assessment Repayments 2016

Tiler77

I dont think anyone has had a repayment. We must be all getting security checked. Mine was issued 15th last year

dori2o

Tiler77 wrote: »

Quick to to money of you slow to pay what they owe you

HMRC don't actually have to repay you anything until 31 January following the end of the tax year, where the tax calculation shows tax overpaid. That is when the tax return is due. That is also when payments and repayments are due.

HMRC allow the repayments to be issued earlier only as a concession.

This is why no interest is applied to the repayments paid before 31 January following the end of the tax year. (Unless refund is due to overpaid payments on account)

These first 3 weeks after the end of the tax year are the 2nd busiest period of time for self assessment repayments.

The more repayments are requested the more are listed for security checks, thats just the way of the world.

The 'fast enough to take it' argument really is completely stupid, especially considering the fact that should you owe tax you would not be expected to pay what is due until almost 10 months after the tax year ends.

Maybe in the interest of fairness HMRC should withold all tax repayments to 31 January. That way everyone gets paid their refund at the same time as HMRC expects tax to be paid?

Didn't think so.

Simple answer is, be patient and it will be issued in due time.

Malik786

Any one can guide me when i filed my return i put net pay is it problem ???so i can amend the returm

Dazed_and_confused

Yes, you have a long period of time to amend your return and can normally do it on line for 2015:16 and 2016:17 at the moment.

If you have done as you suggest then an amendment is likely to be the best way to speed things up, without doing that the HMRC may want to investigate your tax return.

dori2o

Amendment period is upto 12 months after the statutory filing date, so for the 2016/17 tax return you have until 31/01/2019.

KE81

I also submitted my SA return on 8/4/17, Logged into account next day and had message saying I was in credit, did i want to request a repayment? first time in 6 years of doing it myself that I've had this message! I requested full amount then next day (10/4/17) it said "Bank payment pending" and has done ever since, never had a problem with security checks (touch wood ha) always had money within 2 weeks of submission so hope that continues... will update Tuesday next time HMRC website updatses also.


Have nice weekend!!

Cal2017

HMRC updates website for day before,
It will not update Tuesday as it's bank holiday Monday, the site will update Wednesday for tuesdays information.

Tiler77

Lets hope theres some issued

Tiler77

Information as st 17th still pending

tika1977

How do icheck my status on line my friend done my tax but i want to check status to see if it says bank repayment