"Hundreds of thousands of taxpayers are missing out on HMRC refunds worth an average of 800, with many overpaying taxes and owed rebates from the tax authority."
"Last year, HMRC issued 1.7 million cheques to those owed rebates, but 178,180 of these cheques were never cashed, amounting to a total of 144 million."
"HMRC has been working to reduce the number of cheques it issues, with the figure dropping from 4.1 million in the 2023-2024 tax year."
Many taxpayers are owed HMRC refunds, with statistics showing that hundreds of thousands are missing out on an average of 800 each. The tax authority issues letters annually to inform these individuals about their rebates. However, a significant number of cheques remain uncashed. In the previous year, HMRC issued 1.7 million cheques, with 178,180 going uncashed, totaling 144 million in missed refunds. HMRC is working to reduce cheque issuance and has implemented a new system to better contact customers.
Read at www.independent.co.uk
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