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HMRC ends concessionary treatment of tax repayments

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HMRC's 27 July 2023 Stakeholder Digest announces that assignments of income tax repayments received on or after 20 July 2023 are no longer being accepted as non-binding nominations. In such cases, HMRC will simply pay the taxpayer directly.

This ends HMRC's transitional concessionary treatment that had been announced in an update to its Standard for Agents that assignments received after 15 March 2023 (Spring Budget 2023) would be treated as nominations.

Issue: 1630
Categories: News
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