HMRC offers funding for employee tax refunds

Posted on September 1, 2008 by Cathy Corns

HMRC has acknowledged that the tax code changes for the new 2008-09 personal allowance due to be processed in September may cause some cash-flow problems.

HMRC has stated that initially employers should net any refunds against other PAYE deductions in September but, where these are insufficient to cover the refunds, employers may apply to HMRC for funding to cover the balance.

Full details of how to make a claim are given on http://www.hmrc.gov.uk/employers/payefunding.htm.
 

Tags: , , , , , , ,
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://smeplus.mercerhole.co.uk/admin/trackback/85362
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.