TAX REFUND SELF-ASSESSMENT

FrankR

Hi
What is the process of getting a tax refund for a self-assessment tax return if it's worked out that I've paid too much tax after filing 20-21 tax return..? Is there a limit on the refund amount and would requesting the refund a any red flags with HMRC? Thanks.

pramsay13

Once you submit your return you will get money back if you've overpaid. 
Why would there be a red flag if HMRC owe you money and you ask for it back?

JGB1955

You can apply for a refund - Claim a tax refund - GOV.UK (www.gov.uk)... but don't expect a quick reply.  I understand that the current 'wait' is in the region of 5 - 6 months.  I'll be 'reminding' them in October if my (acknowledged) refund isn't back in my bank account....

sheramber

You can claim any refund in the appropriate section on the self assessment tax return. 

There is no maximum limit , although security checks may be required befrore issuing the repayment.

Dazed_and_C0nfused

Very large refunds look like they can be subject to delay, although not many can be due a refund of over either £150k or £90,000,000!!

https://www.gov.uk/hmrc-internal-manuals/self-assessment-manual/sam113010