ICAEW Advises PAYE Taxpayers to Claim Refunds Before Deadline
The Institute of Chartered Accountants in England and Wales (ICAEW) is urging PAYE taxpayers to claim refunds from HM Revenue & Customs (HMRC) before the four-year deadline. Last year, 730,000 refunds totaling £624 million went unclaimed, with the average repayment being £855. Taxpayers must now actively submit claims as refunds are no longer processed automatically.
Topics: HMRC PAYE tax code errors tax compliance tax refunds