HMRC mistakenly refund you £775,000. What do you do?

Discussion in 'Bulletin Board' started by StatisTYKE, Dec 9, 2021.

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  1. Redhelen

    Redhelen Well-Known Member

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    When I was due a refund they offered me cheque or a transfer.
     
    Redhelen, Dec 10, 2021
    #21
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  2. Don

    Donny-Red Well-Known Member

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    If you complete an online tax return, one of the last pages asks for your bank acct details in case they have to send you a refund.

    The government like every other business has been trying to move away from physical payments, as the cost is astronomical.

    If you’re making a million payments, and the cost of processing a cheque is £2, and a BACS payment is 1p, you really don’t want to send a cheque. (Those aren’t the actual costs- but they’re not a mile out)
     
    Donny-Red, Dec 10, 2021
    #22
    Redhelen likes this.
  3. Redstone

    Redstone Well-Known Member

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    I'd move it to a separate account until I got I touch with them to take it back. As tempting as it would be to say nothing and sit on it. If you ever spent it you would be living in fear of a knock at door.
     
    Redstone, Dec 10, 2021
    #23
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  4. Dar

    Darfield138 Well-Known Member

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    Section 2 theft amendment act 1996, retention of a wrongful credit. Ten years prison. It is a defence to show you took all reasonable measures to return it.
     
    Darfield138, Dec 11, 2021
    #24
  5. Jor

    Jordym93 Well-Known Member

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    Exactly what I would do
     
    Jordym93, Dec 11, 2021
    #25
  6. Archey

    Archey Well-Known Member

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    Then sit back and wait for that 0-0 to happen
     
    Archey, Dec 11, 2021
    #26
  7. Archey

    Archey Well-Known Member

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    Wearing riot gear
     
    Archey, Dec 11, 2021
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