Agent dedicated line: HMRC restricts SA repayment queries
[ad_1] From Friday 22 December 2023, progress-chasing queries for self assessment repayments will be redirected to the digital ‘Where’s my reply?’ tool. When HMRC recently announced the restrictions to the self assessment (SA) helpline and agent dedicated line (ADL), it had said that it would deal with calls relating to SA filing, payments and repayments for […]
HMRC acts on tax repayment agents
[ad_1] ICAEW welcomes further HMRC action to protect taxpayers that use repayment agents. HMRC has acted on three fronts to counter the risks posed by some repayment agents. R40 (PPI) claims HMRC has been receiving a high volume of claims for repayment of tax deducted from interest on PPI claims. Some of the claims are […]
Repayment agent problems continue | ICAEW
[ad_1] ICAEW members are receiving reports of tax repayments being made to agents who are unknown to the taxpayer. ICAEW’s Tax Faculty explains how to report such cases to HMRC. Formal assignments of income tax repayments have been void since 15 March 2023. A transitional period during which assignments were treated as nominations ended on 20 […]
HMRC to introduce more controls over repayment agents
[ad_1] The government will legislate to ban the use of deeds of assignment and introduce other measures to address problems with repayment agents. Care will be needed to avoid unintended consequences for chartered accountants and tax advisers. In its response to the consultation Raising standards in tax advice: protecting customers claiming tax repayments, the government […]