This month we bring you news of a warning to taxpayers to check their HMRC repayment arrangements. Settlement terms for disguised remuneration schemes have also been announced.

Repayment instructions

HMRC are issuing tax repayments to the last used debit or credit card, if certain criteria is met, instead of following bank payment instructions entered on self-assessment tax returns.

HMRC’s guidance advises that ‘A count will be kept of repayment amounts made following a card payment so that multiple repayments to card can only be made up to the limit of the payment received’. Readers are advised to be aware of this when expecting repayments from HMRC.

Disguised remuneration scheme settlement guidance

HMRC has published guidance on recognising disguised remuneration tax avoidance schemes and explain how individuals can settle their tax affairs with HMRC. The guidance should be used if you’re a tax agent or adviser and need to help clients who are in a disguised remuneration tax avoidance scheme.