How long does a tax refund take to reach your bank via BACS?

Angelcrackers

Anyone had a recent tax refund and can tell me how long it took to reach your account via BACS?

It's been a long process getting this sorted, but it showed I was due a refund this morning. I've given my back details first thing so any ideas how long it should take? 

cymruchris

From 'repayment pending' status - mine took about 2 months.

Dazed_and_C0nfused

Angelcrackers said:

Anyone had a recent tax refund and can tell me how long it took to reach your account via BACS?

It's been a long process getting this sorted, but it showed I was due a refund this morning. I've given my back details first thing so any ideas how long it should take? 

Was it from a Self Assessment return or did you receive a P800?

Angelcrackers

On my online HMRC account it said on the PAYE part that I had overpaid my tax by £xxxx and to provide bank details for refund. I did this and assume this would mean it would arrive in the next few days. But do you think this is unlikely? 

cymruchris

Angelcrackers said:

On my online HMRC account it said on the PAYE part that I had overpaid my tax by £xxxx and to provide bank details for refund. I did this and assume this would mean it would arrive in the next few days. But do you think this is unlikely? 

Ùnlikely to be 'days'. (But who really knows?)

Dazed_and_C0nfused

Angelcrackers said:

On my online HMRC account it said on the PAYE part that I had overpaid my tax by £xxxx and to provide bank details for refund. I did this and assume this would mean it would arrive in the next few days. But do you think this is unlikely? 

No, I think it will be within a week.

See the Introduction here,

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye91037

Angelcrackers

Dazed_and_C0nfused said:

Angelcrackers said:

On my online HMRC account it said on the PAYE part that I had overpaid my tax by £xxxx and to provide bank details for refund. I did this and assume this would mean it would arrive in the next few days. But do you think this is unlikely? 

No, I think it will be within a week.

See the Introduction here,

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye91037

Thanks that's really helpful. 

MetaPhysical

I submitted the request three times last year from my online tax account, each request separated by a month apart and despite the system online system saying it would happen inside two weeks - even giving me a transaction ID code -  it never happened and the money is still in my HMRC credit to this date.  Now we have closed the tax year I have tried again and will report back if it happens this time.  They are quick to want *their* money off of you but are much slower refunding it! 🙄

Dazed_and_C0nfused

MetaPhysical said:

I submitted the request three times last year from my online tax account, each request separated by a month apart and despite the system online system saying it would happen inside two weeks - even giving me a transaction ID code -  it never happened and the money is still in my HMRC credit to this date.  Now we have closed the tax year I have tried again and will report back if it happens this time.  They are quick to want *their* money off of you but are much slower refunding it! 🙄

I suspect you are talking a completely different system (Self Assessment).

The op was refereeing to a refund from HMRC's PAYE system.

Your refund may be caught up in this,

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

pjread

For Self Assessment it has typically been about 1-2 weeks for it to go to 'paid' then the usual couple of days BACS itself takes in my experience.

Angelcrackers

Update - it's shown as paid today on the PAYE home page of my account. So is it still likely to be 5 working days until it actually hits the account? Surely if it's by Bacs or something it should be quicker, shouldn't it?