HMRC may owe you a tax refund or rebate for various reasons. For example, a mistake in your self-assessment tax return or oversight in your payroll deduction may have resulted in an overpayment of tax if you are an employee who makes tax payments through PAYE. How long does a tax rebate take? Would undoubtedly be on your mind if this is the situation and HMRC owes you a repayment?
When can I receive my tax refund from HMRC after filing my self-assessment tax return??
It’s feasible to call HMRC and inquire about the timescale during which you may expect to receive your tax rebate. For example, if you have submitted your self-assessment tax return online, you should wait at least five weeks before contacting them; if you have submitted a paper return or refund request, you should wait at least six weeks.
How long does it take for HMRC to issue a tax refund?
The significant delay between the filing of tax returns and HMRC to action your tax refund is dependent on HMRC’s current processing speeds, making it impossible to provide an apparent response to the question of how long a tax refund takes after filling out self-assessment tax return. While you should receive your tax rebate within 8-12 weeks of your application but this time frame is not guaranteed.
Is there any way to expedite a tax rebate?
Although you are partially at HMRC’s mercy, there are a few things you may take to speed up the issuance of your HMRC refund:
- Make sure you have all the necessary information and information ready so that HMRC doesn’t have to contact you for more details.
- Don’t send in your tax rebate application during HMRC’s busiest times, like the end of January for self-assessment or the end of July for tax credit renewals.
- Under £1,000 will often be handled promptly, but more significant sums may require additional verification and take longer to complete.
After receiving all necessary information, HMRC’s tax refund processing time can take up to 12 weeks. Then it takes a few more days to a few more weeks to get your money back, depending on the bank.
Once we get your completed Agent Authorization Form 64-8, our team of tax experts will handle any further communication with HMRC on your behalf.