HMRC hit with almost half a million refund requests

Around 460,000 people chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI request by Royal London. Among the reasons HMRC gives for overcharging people income tax are that the taxpayer may have changed jobs in the year or be subject to changes to taxable benefits, which might result in an overpayment of tax. The value of all types of repayments to individuals in 2018/19 was £5.1bn, up from £5.0bn in 2017/18, made up of refunds to individuals and for personal pension contributions. Individual taxpayers were refunded £2.78bn, down from the previous y...