The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
If the self assessment tax return shows that a repayment is due, the taxpayer can claim a repayment or leave it as a credit on their statement of account.
The quickest and safest method is for HMRC to make the payment direct to the taxpayer’s bank or building society account and so they are asked to fill out the relevant details on page TR6 of the main tax return (or boxes 12.1 to 12.6 of the short tax return).
If the taxpayer does not want HMRC to have these details or they do not have a bank or building society account, they can request a cheque through the post by entering a cross in box 9 on page TR6. There is no facility to do this on the short tax return and unless HMRC has the taxpayer’s credit or debit card details from a previous tax payment, no repayment will be issued in this situation until the taxpayer or their agent has been in contact to request the refund.
If the taxpayer is due a refund as a result of the tax return being completed, they can:
Repayments of less than £10 will usually be withheld and kept on the statement of account, as will larger overpayments where a further self assessment payment is due within 45 days (eg a refund is due for the tax year but the payment on account is due within 45 days). Although this is
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