We recently dealt with a pension drawdown case where a client had withdrawn funds and had withholding taxes applied at source,
We completed the necessary tax refund forms and submitted them to HMRC.
When chasing the tax refund, HMRC confirmed it has received and processed the tax refund calculation but for submissions in late September, the tax refund was due to be repaid by 06/06/2022 at the latest and we were quoted ‘don’t shoot the messenger’.
As it happens, because we had ‘ticked’ the box for the refund to be processed separately and not part of normal self assessment returns, the tax refund was repaid within 3 weeks.
The lesson being to check exactly the boxes that you complete when filing for a tax refund.