HMRC has confirmed that a large number of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be due a direct refund from HMRC.
Following an investigation into Tax Credits Ltd, HMRC was not satisfied that a new online process introduced by the company together with documentation led to a valid assignment of repayment to the company. HMRC will now make payments directly to affected clients by mid-November and will write to them explaining their refund.
HMRC is reviewing the processes and documentation of other repayment agents to ensure they lead to valid assignments.
HMRC has confirmed that a large number of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be due a direct refund from HMRC.
Following an investigation into Tax Credits Ltd, HMRC was not satisfied that a new online process introduced by the company together with documentation led to a valid assignment of repayment to the company. HMRC will now make payments directly to affected clients by mid-November and will write to them explaining their refund.
HMRC is reviewing the processes and documentation of other repayment agents to ensure they lead to valid assignments.
