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Finance Bill: Plans to cap tax repayment time limits

  • Thread starter Scottish Business Owner
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Scottish Business Owner

Scottish Business Owner

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Finance Bill: Plans to cap tax repayment time limits - 02 Jun 2008

An interesting article on accountingweb about a proposed change in the law regarding HMRC's liability with regards to overpayment of tax by the tax payer. While HMRC can go back 6 years for underpayment of tax they want the law changed so that overpayment can only go back four years :confused:

Incredible I know but hardly surprising and it's also hidden in a yet to be discusses Finance Bill.