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Have any accountants received two income tax rebates?

Have any accountants received two income tax rebates?

Contractor accountants may not be surprised to learn that despite its best intentions, HMRC has made another error; this time with tax rebates.

The Institute of Chartered Accountants
in England and Wales recently reported that the HMRC had been paying income tax rebates twice because a link between the NPS and self-assessment systems was not working properly. The Revenue is aware of the problem and has put finding a solution to the top of its priority list.

HMRC is calling on taxpayers and agents to come forward if they have received an overpayment.

One expert advised taxpayers not to spend money they’ve received from HMRC if they think it’s been sent in error. Instead they should contact the government department, or seek professional advice, to establish whether or not the money is really theirs to spend because HMRC will eventually attempt to recover the overpayment.

This is not the first error made by the Revenue this year. Not long ago, 17,000 final reminder letters were sent out to taxpayers who had already settled their outstanding liabilities. This error was also blamed on a computer glitch.

HMRC is determined to introduce Real Time Reporting and some accountants are worried that even more errors will start to occur. After all, if the Revenue can’t get its existing systems to work correctly, can we really dare to expect that the Real Time system will work any better.

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Image: Two & one by Colin-47

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