HMRC warning over refunds being paid into bank accounts | Personal Finance | Finance

HMRC has issued an update about when it issues tax refunds to customers. You can find out how to claim an owed amount from the taxman on the Government website.

The tax department clarified how the system works after a question from a person who said they were owed some cash. They asked initially when HMRC would do the calculations to work out if they were owed an amount.

They explained: “I already know I am entitled to one and roughly how much, but how long will it take you to confirm it?” In response, HMRC said that it would “review” PAYE records for the past 2025/2026 tax year in June.

The group said: “We aim to complete our checks by November. If you’re due a refund, you’ll be able to claim it online through your personal tax account.”

But the person responded to say they already had the HMRC app and that they were sure they were owed an amount as HMRC had incorrectly changed their tax code. They asked: “Is there anyway I can apply before that?”

Key date to note

HMRC told the taxpayer in response: “The earliest would be June 2026.” You can pay too much tax in various ways, such as paying too much from your work earnings or your job expenses.

You may also end up paying too much tax on your pension payouts or through your self-assessment tax return.

In some cases, HMRC will send you a tax calculation letter, also known as a P800, which will tell you if you are owed an amount and how to claim the refund.

When will my tax refund arrive?

You may be able to claim the amount back through the online bank transfer service on the Government website, by requesting a cheque or through your personal tax account.

The funds should arrive in your bank account within five working days if you have made your claim online. If you request a cheque in the post, this should arrive within six weeks.