My company submitted a claim for a tax refund for £15,000 in January, but it still hasn’t materialised. We really need that cash now. I’ve chased the Tax Office but get some excuse about security checks. How long will I have to wait for this money?
HMRC has imposed extra security checks on many tax refunds in an attempt to block fraudulent claims that have been flooding the system. These extra checks are slowing up refunds to genuine businesses. A six month delay is quite exceptional. Try writing to your Tax Office suggesting you will take the matter to your local MP if you do not receive the tax refund within 10 days.