Delays on tax repayment
There has been a lot of anecdotal evidence that tax refunds are being processed very slowly.
According to a report from the National Audit Office HMRC is holding £3bn in overpaid tax! On the flip side it is also owed around £1.4bn in unpaid tax.
Is it me, or do the figures just not inspire confidence?
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Cathy you can call her on 01908 605552.
Date: 4th August, 2010
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