HMRC tax refund: what to do if you’ve paid too much tax

Why does the £10,000 threshold matter for a Director’s Loan? | Randall & Payne

We are aware that HM Revenue & Customs (HMRC) are presently writing to individuals where they are aware of an overdrawn director’s loan in existence.  HMRC are wanting to make sure compliance obligations are being met and any taxes due are collected. If you are a company director in the UK, it’s not uncommon to take money out of the company in the form of a director’s loan (DLA). However, when the balance of this loan exceeds £10,000 at any poin…

HMRC tax refund: what to do if you’ve paid too much tax

If you’re self-employed or own a business and believe you’ve paid too much tax, you might be entitled to an HMRC tax refund.  If you’ve made a mistake on your tax return, or if you think you’ve overpaid, read our guide on how to claim a tax refund. Is there an HMRC tax refund? Are HMRC tax refunds slower than usual? Why you might need an HMRC tax refund How to do an HMRC tax refund How to correct a tax return Is there a time limit for correctin…