Around 15 million people are facing long delays on their tax rebates as a result of HMRC revamping its security system.
Many people have been asked repeatedly for new personal details before they can claim refunds, compounding problems caused earlier this year when HMRC sent out thousands of incorrect tax codes, according to the Daily Mail. A report from the National Audit Office claimed around £3bn in tax rebates is caught in the delay, affecting 15.4 million people and leaving 18 million unresolved tax records. Nine million people are still waiting to find out if they have been overcharged or undercharged. The additional security procedures are a response to fraud and error, which last year cost ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes