Will HMRC automatically refund overpaid tax?
Does HMRC Refund Overpaid Tax? Yes, HMRC does refund overpaid tax, sometimes automatically and sometimes through the refund application process. It’s important to keep on top of your tax position because there are time limits on when you may make a claim for overpaid tax and apply for your tax rebate.
How long will HMRC give me to pay?
What Is a Time to Pay (TTP) Arrangement? A TTP Arrangement allows for your debt to HMRC to be paid back in monthly instalments, typically over a period of up to 12 months. Although depending on your business circumstances and affordability, some arrangements can be agreed over longer periods.
Why would I get a letter from HMRC?
HMRC will contact you by letter to tell you there is a repayment of Student Loan deductions due. We will include details of why the repayment is due and the employer you worked with at the time. This letter will tell you about changes to the way we issue repayments as a result of the coronavirus (COVID-19) situation.