Dumb question - CT refund for prior year
Monsoon
Registered Posts: 4,071 Beyond epic contributor 🧙♂️
Loss this year, carried back against profits from last year.
Am I going mad, or do I have to write in to the tax office to get this paid? I know there's a "repayment due for prior period" boxto check on the CT600 but there's not a "repay this amount from last year" box, is there?
Thanks!
Am I going mad, or do I have to write in to the tax office to get this paid? I know there's a "repayment due for prior period" boxto check on the CT600 but there's not a "repay this amount from last year" box, is there?
Thanks!
0
Comments
-
write to them and ask for it, thats what we did.0
-
Loss this year, carried back against profits from last year.
Am I going mad, or do I have to write in to the tax office to get this paid? I know there's a "repayment due for prior period" boxto check on the CT600 but there's not a "repay this amount from last year" box, is there?
Thanks!
Revise the pervious CT600 - Box 300 -
Write to request refund with revised tax calcs.
Few months later write again.
Few months later write again.
Few months later write again.
About a year later ring to be told the accounts have been filed but nobody has dealt with the refund.
Not that I'm bitter but is anyone else fed up with HMRC at the moment and don't even get me started on reclaiming overpayments on P35 due to CIS deductions suffered.0 -
I did one recently - Filed short CT return Mid Feb this year online, ticked 'a repayment is due for an earlier period', made sure client's bank details were included and that was it.
Didn't need to do anything else, received written confirmation that the refund was being made to client's bank account.
It was my first iXBRL submission too - very pleased with self, nice when that happens.0 -
-
Thanks all.
Glad I'm not going (any more) mad and there isn't an obvious box I missed!
I was going to say writing in would be easier but as I don't have to submit iXBRL for the prior period I guess resubmitting last year's would actually be easy - and the refund will be done quicker than a letter.
Same client actually - due a hefty PAYE refund - took MONTHS to sort out. If a PAYE overpayment is more than £500, you can't write to the Accounts Office, but have to write direct to the tax office. After my coleague wrote to the AO, they didn't tell us they couldn't do anything with it until we phoned months later to chase. Oh, and the AO were taking 3-4 months to deal with post at that point!!0 -
Write to request refund with revised tax calcs.
Few months later write again.
Few months later write again.
Few months later write again.
About a year later ring to be told the accounts have been filed but nobody has dealt with the refund.
To that I would add..
Try calling Euston Tax Office every day for a week where no-one picks up the phone..
Try sending faxes to the same office where I'm sure the shredder sits underneath the fax machine..
No fun!0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership